H.I.G. Capital News

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Jeff Zanarini
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jzanarini@higcapital.com

H.I.G. Capital
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www.higcapital.com

H.I.G. Capital Announces Investment in Ship Supply International

MIAMI – November 17, 2015 – H.I.G. Capital ("H.I.G."), a leading global private equity investment firm with $19 billion of equity capital under management, is pleased to announce that its affiliate has made a strategic investment in Ship Supply International (“Ship Supply” or the “Company”), a leading port logistics business.

Founded in 1968 and headquartered in Miami, Florida, Ship Supply provides timely and complex last-mile delivery of critical products and maritime services to cruise, cargo and military marine vessels. Through its asset-light business model, the Company has created a highly-scalable platform that executes on critical customer requirements in over 100 domestic and international ports.

“We are very excited about Ship Supply’s next phase of growth and to partner with H.I.G.,” said Christian Giannakopoulos, President of Ship Supply. "H.I.G.’s knowledge of our industry will provide us with the financial, operating and strategic resources to further capitalize on our significant growth potential and will enhance our core mission of serving as a trusted, long-term partner to our clients."

Jeff Zanarini, a Managing Director at H.I.G., commented, “Christian and the Ship Supply team have built a premier business with a commitment to providing clients with best-in-class service. There are numerous compelling opportunities, both domestically and internationally, to build upon this platform. We look forward to supporting Ship Supply in its growth as we continue to set new standards of excellence in the maritime industry.”

About Ship Supply
Headquartered in Miami, Florida, Ship Supply has provided high quality goods and services to the maritime industry for nearly fifty years. The Company offers reliable port logistic services 24 hours per day / 7 days per week with the expertise to cater to the specific needs of a diverse set of specialty vessels and end-markets. Ship Supply offers seamless service to customers at over 100 domestic and international ports. The Company’s technologically-advanced capabilities and multi-lingual staff serves as the critical line of communication with vessels and crew to provide its clients a comprehensive solution for in-port requirements.

About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $19 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris and Rio de Janeiro, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach:

  1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
  2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
  3. Other H.I.G. funds invest in various real assets, including real estate and shipping.

Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital commitments to funds managed by H.I.G. Capital and its affiliates.