HIG Capital has completed the acquisition of Phoenix ME, a UK-based provider of mechanical and electrical engineering services, through one of its affiliates. Phoenix ME serves blue-chip clients across the UK and Europe, operating in data centre, life sciences, infrastructure, and commercial end markets. Founded in 1931 and headquartered in London, Phoenix ME has worked on several of London’s highest-profile infrastructure developments.

Lee Compton, Phoenix ME’s founder and chief executive, will reinvest in the business alongside HIG Capital, while the existing management team remains in place. Jim Arnold will join as chairman to support the company’s next phase of growth, working with management and HIG Capital.

The acquisition positions Phoenix ME to expand its presence across Europe and broaden its service offering through organic growth and acquisitions. John Harper, managing director of HIG Capital in London, noted that Phoenix’s end markets will enjoy rapid growth over the coming years.

Financial terms of the transaction were not disclosed. This news brief was produced with the assistance of artificial intelligence.