H.I.G. Capital, a global alternative investment firm, has acquired Standard Hidraulica, an international industrial group focused on plumbing supplies. H.I.G. acquired the firm through an affiliate from industrial technology company, Aalberts N.V.
The deal will accelerate SH’s growth and consolidate in its core markets. The firm is a reference partner in water and gas connection and control, kitchen and bathroom taps in residential and non-residential areas and civil works.
“We are committed to supporting the senior leadership team of STH in achieving their ambitious business plan which should translate in substantial growth over the coming years,” commented Jaime Bergel, managing director at H.I.G. Spain. “As part of the transaction, H.I.G. will support STH in its transition to an independent company while accelerating its customer-focused expansion in the local and international markets.”
“I am very excited to work with the team at H.I.G. to capitalize on the enormous potential for growth we have within our local and international geographies,” said Jaume Llacuna, CEO of STH. “We are well positioned to push forward with our plans for organic and inorganic growth.”