H.I.G. Capital Completes Acquisition of Phoenix ME

H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $75 billion of capital under management, is pleased to announce that one of its affiliates has acquired Phoenix ME Limited (“Phoenix” or the “Company”), a leading UK-based provider of integrated mechanical & electrical engineering services to the data centre, life sciences, infrastructure, and commercial end markets. Phoenix’s CEO and Founder Lee Compton will reinvest alongside H.I.G., and the Company’s existing management team will remain in place to lead the business forward. Jim Arnold will join as Chairman, partnering with management and H.I.G. to support Phoenix’s next phase of growth.

Phoenix is a leading provider of integrated mechanical and electrical system design, installation, and commissioning services, supporting a diverse base of longstanding blue-chip customers across the UK and Europe. The Company has built a strong reputation for excellence and reliable delivery of complex, mission-critical projects, including many of London’s highest-profile infrastructure developments that have significant exposure to the fast-growing data centre and life sciences end markets. The Company sees a significant opportunity to further support existing and new customers in  their most complex and mission-critical projects, expand its presence across Europe, and broaden its service offering through both organic growth and strategic acquisitions.

Lee Compton, CEO of Phoenix, remarked, “Phoenix has a long track record of quality and reliability and is a trusted partner for our sector’s largest and most reputable contractors and end customers. We are excited for the future and believe that by working closely with H.I.G., we can continue to deliver exceptional outcomes for our clients in our fast-growing end-markets.”

John Harper, Managing Director of H.I.G. in London, said, “Phoenix’s end markets will enjoy rapid growth over the coming years. We are excited to partner with the Phoenix team to build on their already impressive track record of delivering high-value engineering services on these complex assets.”