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HIG Capital Acquires GEG: Expands Aviation Security Footprint

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HIG Capital, a prominent private equity firm, has acquired Global Elite Group (GEG), a leading provider of unarmed aviation security services. The acquisition targets GEG's established presence at 19 of the top 20 US airports, significantly bolstering HIG's position in specialized security markets. The seller was Securitas AB, a global security services giant.

GEG, headquartered in Garden City, New York, and founded in 2002, offers comprehensive security solutions for airports, airlines, and cargo operators. Its acquisition fills a strategic gap in HIG's portfolio, leveraging GEG's expertise in critical infrastructure protection. Victor Anderes continues as CEO, ensuring operational continuity.

Securitas AB's divestment marks a shift in its aviation security focus. For HIG Capital, this acquisition accelerates growth in the high-barrier, essential service sector. The integration combines HIG's financial resources with GEG's established client relationships and operational infrastructure.

This acquisition solidifies HIG's commitment to aviation security, a sector demanding specialized skills and significant investment. It positions the firm as a major player alongside established competitors, directly impacting service providers and airport stakeholders nationwide.