H.I.G. Capital News
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Holland Services Completes Acquisition of AED Group
MIAMI – March 11, 2014 – H.I.G. Capital, L.L.C. (“H.I.G.”), a leading global private equity firm with more than $15 billion of capital under management, announced today that its portfolio company, Holland Services (“Holland”) has completed the acquisition and merger of certain assets from AED Group into Holland.
Based in Denver, Colorado with field offices across the country in key energy basins, AED Group has extensive experience researching, acquiring and servicing quality acreage for multi-national and domestic energy firms. Since its founding by Matthew Anderson in 2005, AED Group has achieved significant growth and has established a strong presence in the Western United States through its comprehensive suite of professional land services.
"Matthew has done a tremendous job building AED Group into a well-respected, professional land services company,” said Bryan Gaudin, Chief Operating Officer of Holland Services. “The combination of Holland and AED Group has created the pre-eminent, technology-driven land services business with the resources to deliver superior service in each of the major and emerging basins. We look forward to capitalizing on the significant growth potential of our combined entities," Gaudin continued.
Matthew Anderson, Founder of AED Group, added, “Everyone on the AED team is excited to join forces with the likes of Holland Services and H.I.G. Capital, and bringing these two companies together makes all the business sense in the world. Being able to provide our valued clients with additional support from a technology, human resources and overall like-minded approach to landwork, underscores how serious we are when it comes to delivering unparalleled landwork.”
“Holland continues to set new standards of excellence in helping its clients with a full complement of land solutions,” commented Jeff Zanarini, a Managing Director of H.I.G. “With information-based professional land services working in all phases of the energy and transportation industries, Holland continues to expand its national platform to meet nearly any land advisory requirement. The AED acquisition adds tremendous complementary value to the Holland value proposition by establishing a high-growth presence in the Western United States and by expanding its blue-chip customer base.”
About Holland Services
Holland Services is one of the leading national land service companies in the United States. With more than 30 years’ experience in the oil and gas industry Holland specializes in leasing, title abstracting, due diligence, curative, GIS and Aerial survey mapping, Right of Way services, asset management, as well as environmental and wetland solutions. The company provides these and other services to exploration and production clients in addition to the power generation, telecommunications and transportation industries. Headquartered in Fort Worth, Texas with Regional offices in Midland, Houston, Denver and Washington, PA, Holland also has 10 satellite offices throughout North America. The company maintains an active presence in multiple basins with hundreds of land professionals strategically deployed, ready to mobilize on new projects at a moment’s notice. Additional information is available at www.hollandservices.com.
About H.I.G. Capital
H.I.G. is a leading global private equity investment firm with more than $15 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, Milan, 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.