H.I.G. Capital News

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Jeff Zanarini
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Parashar Ranade
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H.I.G. Capital Portfolio Company Ship Supply International Completes Acquisition of Alliance Supply Management

MIAMI – February 3, 2016 – 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 portfolio company, Ship Supply International (“Ship Supply”), has acquired Alliance Supply Management (“Alliance”).

Headquartered in Houston, Texas, Alliance is a leading port logistics business that provides time sensitive, last-mile delivery of required deck & engine maintenance products and critical perishable goods to commercial vessels throughout the U.S. Gulf Coast. Since its founding in 1906, Alliance has achieved an industry-leading reputation and a long tradition of success while operating under the ownership of the Margolin family. Bruce Margolin, the President of Alliance, will join the Ship Supply team as Chief Commercial Officer.

“The Gulf Coast is an attractive market that we have targeted for growth,” commented Christian Giannakopoulos, President of Ship Supply. “We are excited to expand our geographic presence by partnering with regional market leaders who share our commitment to providing clients with best-in-class service. The combination will broaden our product offering, diversify our customer base and create an efficient path to execute our strategy of developing a national and global platform for commercial port logistic services.”

Jeff Zanarini, a Managing Director at H.I.G., commented, “Alliance adds tremendous complementary value and accelerates the growth potential of the Ship Supply platform. The acquisition, which was completed just months after our initial investment in Ship Supply, highlights our dedication to the maritime logistics sector and speaks to our ability to find and quickly execute on high-quality assets that support Ship Supply in setting new standards of excellence for its clients.”

About Alliance Supply Management
Headquartered in Houston, Texas, Alliance Supply Management is a leading commercial marine and industrial supplier that provides services to clients throughout the Gulf Coast. With its state-of-the-art distribution facilities, and a company history dating back to 1906, Alliance combines the local knowledge to offer personalized services with the regional scale to provide supply chain efficiencies. The Alliance promise is to deliver ‘reliability that you can depend upon’ through responsiveness, integrity and accuracy.

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.