H.I.G. Capital News
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H.I.G. Capital Announces Investment in Holland Services
MIAMI – June 6, 2013 – H.I.G. Capital, L.L.C., a leading global private equity firm with more than $12 billion of capital under management, announced today that its affiliate has made a strategic investment in Holland Services (“Holland”), a leading land services company focused on the energy sector.
Holland is one of North America's largest land services providers serving a diverse set of multi-national and domestic energy firms. Since 1985 Holland has assisted oil & gas companies with all aspects of acquiring, selling and developing land and mineral rights. Holland is based in Fort Worth, Texas, and serves clients throughout the United States.
Robert Gaudin, Founder and CEO of Holland, commented "We are very excited about this next stage for Holland. The investment from H.I.G. provides us with financial and operating resources that will enable us to further capitalize on our significant growth potential. This is an exciting time in our industry, and we look forward to working with H.I.G. given their knowledge of our industry and previous experience investing in the oilfield services sector."
"Robert and his team have built a best-in-class company, and have established true partnerships with a growing base of clients," added Jeff Zanarini, a Managing Director of H.I.G. “Holland places its clients first and that focus will continue to be the key to Holland’s success. We believe there are numerous market opportunities, both in new basins and new ancillary services, and we look forward to supporting Holland in continuing to set new standards of excellence in the land advisory business."
Financing for the transaction was provided by THL Credit. The investment in Holland is the second time THL and H.I.G. have partnered to invest in the oilfield services sector.
About Holland Services
Founded in 1985, Holland Services possesses three decades of land advisory experience in upstream, midstream and downstream oil and gas, plus industries such as transportation, utilities, telecommunications and power. Additional services include GIS/Mapping, Asset Management, Asset Marketing and a new international division that can support clients anywhere in the world. Holland Services employs the very best and brightest people, leading edge technology and a time-proven, results oriented system of management and administration to deliver the highest quality work product in the most timely, efficient manner to its clients. Holland is headquartered in Fort Worth, Texas, with offices in Houston and Pittsburgh, in addition to satellite offices in major basins across North America. For more information, please refer to the Holland website at www.hollandservices.com.
About H.I.G. Capital
H.I.G. is a leading global private equity investment firm with more than $12 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, Chicago, Dallas, New York and San Francisco in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Paris and Rio de Janeiro, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of profitable and well managed manufacturing or service businesses. 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 80 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.