H.I.G. Capital Scoops Teleflex Marine

Miami-based global PE firm H.I.G. Capital is to acquire Teleflex Marine. The Marine business has operations around the world and is a lprovider of aftermarket steering and control products, OEM, and accessories for the global recreational marine market.

PRESS RELEASE

H.I.G. Capital announced the acquisition of Teleflex Marine. The Marine business has operations around the world and is a leading provider of aftermarket steering and control products, OEM, and accessories for the global recreational marine market. The Business maintains industry leading market positions in the United States and internationally with its Sierra, Prime Line, SeaStar, Proheat, and BayStar brands.

Yvan Cote, CEO of Teleflex Marine, stated that management is excited to team up with H.I.G. to grow the Company and build on its market leading positions. As an independent entity, Teleflex will maintain its commitment to delivering the highest quality products and service to its customers.

Chris Laitala, a Managing Director at H.I.G., noted that Teleflex Marine has demonstrated an excellent track record in product quality, sales growth, and product innovation. H.I.G. looks forward to working with the team to expand the scope of Teleflex Marine’s services and products, while continuing to provide outstanding customer service.

H.I.G. Capital is a leading global private equity investment firm based in Miami. The firm has more than $8.5 billion of capital under management. H.I.G. specializes in providing capital to small and medium sized businesses and has offices in Atlanta, Boston, New York and San Francisco, as well as Hamburg, London and Paris in Europe.