H.I.G. Capital acquires Avove

H.I.G. Capital, a global alternative investment firm with $75 billion under management, announced that one of its affiliates has acquired Avove Limited, a UK infrastructure services and engineering company focused on regulated water and power markets. The financial terms were not disclosed. Avove provides design and build solutions to utilities in water, wastewater, and power sectors across Great Britain and Northern Ireland. The company benefits from exposure to the AMP8 water investment cycle. Avove's management team, led by CEO Mark Perkins, will reinvest alongside H.I.G. and remain in place to lead continued development, supported by an M&A strategy. Adam Taylor, Managing Director at H.I.G.'s London office, expressed excitement about partnering with Avove's management team and leveraging H.I.G.'s UK services sector expertise.