H.I.G. Capital News

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Jeff Zanarini
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Parashar Ranade
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Ship Supply International, an H.I.G. Capital Portfolio Company, Completes the Acquisition of Kamil Ship Supply

MIAMI – October 18, 2016 – H.I.G. Capital ("H.I.G."), a leading global private equity investment firm with over $20 billion of equity capital under management, is pleased to announce that its portfolio company, Ship Supply International (“Ship Supply”), a global port logistics business, has acquired Kamil Ship Supply (“Kamil” or the “Company”). The transaction represents Ship Supply’s third acquisition in 2016.

Headquartered in Mobile, Alabama, Kamil is a leading regional port logistics business that provides time-sensitive, last-mile delivery of critical perishable goods and deck & engine maintenance products to commercial vessels. For over 100 years, the Company has built a tradition of exceptional customer service across the Gulf Coast.

“Kamil is a highly complementary and strategic investment that strengthens our leadership position in the Gulf Coast, an attractive market that we continue to target for future growth,” commented Ares Michaelides, Chief Operating Officer of Ship Supply. “The acquisition is a strong addition to the Ship Supply platform and enhances our value proposition of providing consistently high quality products, excellent customer service and reliable delivery to port locations worldwide.”

“We are pleased to support Ship Supply in its acquisition of Kamil,” commented Jeff Zanarini, a Managing Director at H.I.G. Capital. “The investment continues our strategy of expanding Ship Supply’s geographic footprint and diversifying its product offering to provide best-in-class customer service. We look forward to working with the Kamil team to accelerate the growth of the Ship Supply platform as we continue to execute on our vision of creating a global leader for commercial port logistic services.”

About Kamil Ship Supply
Headquartered in Mobile, Alabama, Kamil Ship Supply is a regional commercial marine supplier that provides provisions, cabin equipment, bonded goods and deck & engine supplies to clients across the Gulf Coast. With over 100 years of experience, Kamil combines the local knowledge to offer personalized services with the logistics expertise to deliver time-sensitive, customized port solutions. Kamil is dedicated to providing excellent and efficient service, quality merchandise and one-stop shopping representing everything from a “needle to an anchor” to support maritime clients of all nationalities and registries.

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 over $20 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá 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. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.

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 managed by H.I.G. Capital and affiliates.