Highbourne Group Limited, an affiliated portfolio company of alternative investment firm H.I.G. Capital, has acquired Plumbworld Limited, an e-commerce provider of home heating products.
The acquisition will upscale Highbourne’s trade and retail capabilities and help the firm expand its footprint in the U.K. and Ireland.
CEO of Highbourne Dave Evans said, “We are delighted to welcome Plumbworld into the Highbourne Group and see the business as highly complementary to our existing customer propositions. James Hickman and his management team have built a leading e-commerce platform and I look forward to working with them to accelerate their growth initiatives.”