H.I.G. Capital (H.I.G.), a global alternative investment firm with USD 50bn of equity capital under management, is pleased to announce that its portfolio company, United Flow Technologies (UFT), a platform established to invest in the municipal and industrial water and wastewater market, has completed the acquisitions of Shape, Inc. (Shape), Engineered Equipment Solutions (EES), Newman Regency Group (Newman Regency) and Southwest Valve & Equipment (Southwest Valve). UFT has completed seven acquisitions since its formation in July 2021.
These acquisitions represent four leading providers of best-in-class products and value-added services to the municipal water and wastewater markets throughout the United States and accelerate UFT’s strategic entry into new territories, product categories, and OEM partnerships.
As part of the transactions, UFT will partner with the leadership teams of each business to support their growth initiatives within an integrated and operationally cohesive UFT, with each business’ leadership team and brand remaining in place. Additionally, each of the key principals from each acquired company will become a shareholder of UFT. The terms of the transactions were not disclosed.
