H.I.G. Capital, a global alternative asset investment firm with $55 billion of equity capital under management, has bought Synecore Ltd. and Meesons Futures Ltd. The two companies will join H.I.G.’s existing portfolio companies, CPS and Classic Lifts, to form the Andwis Group.
The Andwis Group is a family of technical services providers. Synecore is focused on the delivery and maintenance of HVAC, electrical, air conditioning and refrigeration services to the hospitality, retail, leisure and commercial sectors. It provides both maintenance and installation services, often supporting site rollout and refurbishment programs. Meesons, founded in 1864, is a physical security and entrance control services provider for both national infrastructure and the data center, corporate and leisure sectors. Its team of security professionals provides clients with physical security systems, including portals, speed gates, revolving doors, turnstile and hostile vehicle mitigation services.
“The Andwis Group will be able to provide a competitive offering in a sector that has significant long-term growth opportunities driven by decarbonization, changing regulation, new technology, and aging building stock,” says John Harper, managing director of H.I.G.