H.I.G. Capital, a global alternative investment firm, has acquired Time Manufacturing Holdings, LLC through one of its affiliates.
Time is a global designer, manufacturer and distributor of vehicle-mounted aerial lifts used in electric utility, telecommunications, infrastructure and forestry end-markets. The firm produces a line of equipment and services to support specialized access needs. Time operates nine manufacturing facilities and 30 distribution and service facilities around the globe.
“We are excited to enter into this new chapter with H.I.G. as we continue to support our customers with best-in-class safety, quality and service, while providing our employees with a great place to work and grow in their careers,” stated Curt Howell, CEO of Time Manufacturing.
“The Company’s successful track record of expansion into Europe has established the Company as a global market leader,” added Klass Reineke, managing director at H.I.G. “With cross-border support from H.I.G.’s U.S. and European teams, we are convinced that the Company is well-positioned to execute on a multitude of organic and inorganic growth opportunities ahead.”