en.Wedoany.com Reported - Global alternative investment firm H.I.G. Capital announced that its affiliates have acquired Avove Limited, a UK-based infrastructure and engineering services provider. Avove operates in regulated water and electricity markets, offering end-to-end design and construction solutions to utility companies across the UK and Northern Ireland. The financial terms of the transaction were not disclosed.

Avove has built a reputation for high-quality project execution and social value creation, recently receiving multiple awards. The company is poised to benefit from large-scale UK infrastructure investments, particularly in the water sector's AMP8 investment cycle, which involves upgrading aging infrastructure, reducing pollution incidents, and enhancing climate resilience. Avove's management team will reinvest alongside H.I.G. and remain in place, supported by an acquisition strategy to broaden service offerings.

Avove CEO Mark Perkins stated that the team has achieved success by focusing on innovation, quality, and safety, and that partnering with H.I.G. will continue to improve community outcomes and pursue growth. Adam Taylor, Managing Director at H.I.G.'s London office, noted that the UK infrastructure market is set for significant growth, with emphasis on capacity, efficiency, and resilience, and looks forward to combining Avove's track record in the utilities sector with H.I.G.'s understanding of the services industry and acquisition experience.

Avove's mission is to develop sustainable infrastructure solutions for utility companies, improving living environments and driving economic growth. H.I.G. Capital manages $75 billion in assets, is headquartered in Miami, and has offices globally, focusing on providing debt and equity capital to mid-sized companies through an operationally oriented value-add approach. Its business spans equity funds, credit funds, real estate funds, and infrastructure funds.