H.I.G. Capital has completed back-to-back exits from Koozie Group and Soleo Health, underscoring the firm’s strategy of driving operational improvements and sector consolidation across its middle-market portfolio.

The Miami-headquartered alternative investment manager, with $69bn in assets under management, sold Clearwater-based Koozie Group to Garyline LLC, a Mill Point Capital portfolio company. Founded in 1969, Koozie was acquired by H.I.G. as a non-core corporate carve-out. Under H.I.G.’s ownership, the company underwent a full-scale transformation, including investments in technology and operations, as well as four add-on acquisitions that expanded its product suite and market reach.

“We saw an opportunity to take a non-core corporate division and turn it into an industry-leading platform in the promotional products industry,” said Camilo E. Horvilleur, Managing Director at H.I.G.

H.I.G. also divested Soleo Health, a Texas-based specialty pharmacy and infusion services provider, to funds managed by Court Square Capital and WindRose Health Investors. During its holding period, H.I.G. scaled the business nationally, growing its footprint to 26 pharmacies and more than 30 infusion suites across the US.

“H.I.G. has been an exceptional partner to Soleo and instrumental in helping us build the company into the market leader we are today,” said Drew Walk, CEO of Soleo Health.

The twin exits come amid an active deployment cycle for H.I.G., which recently closed several new investments across healthcare, logistics, and travel. Founded in 1993, the firm has invested in more than 400 companies across equity, credit, and real estate strategies. It currently manages over 100 portfolio companies generating a combined $53bn in revenue.

Source: Business Matters Magazine