H.I.G. Capital, a leading global alternative investment firm with $50 billion of equity capital under management has announced that one of its affiliates has completed the acquisition of Watchfire Signs, LLC.
H.I.G. will be partnering with the current management team to provide capital and resources to support the company’s growing position across multiple segments of the digital display industry, including indoor and outdoor LED signage, digital billboards, and video scoreboards.
Ryan Kaplan, Managing Director at H.I.G. told us “We believe Watchfire represents an ideal opportunity to invest in a premier provider of digital signage at a time when market tailwinds such as digital transformation and the replacement of aging signage will continue to drive growth. We look forward to supporting Steve (Steve Harriott, CEO of Watchfire) and the rest of his executive team as they continue to lead the Company through its next exciting phase of expansion.”
H.I.G. is based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach: