Koozie Group's Transition: H.I.G. Capital's Strategic Sale
H.I.G. Capital Announces Sale of Koozie Group
H.I.G. Capital, a well-established global alternative investment firm, has recently undertaken the sale of its portfolio company, Koozie Group, to Garyline LLC, a company under the umbrella of Mill Point Capital. This move underscores H.I.G. Capital's strategic decision-making in the dynamic landscape of the promotional products industry.
Koozie Group's Legacy and Offerings
Founded in 1969 and situated in Clearwater, Koozie Group has carved out its position as a leading player within the promotional products sector. The Company excels in designing and producing reliable marketing products that are well-regarded by a diverse customer base. Its extensive portfolio includes more than ten product categories, encompassing established partnerships with well-known brands and ensuring an expansive reach in the market.
Transformative Journey Under H.I.G. Capital
During H.I.G. Capital's ownership, Koozie's management team successfully transformed the Company into an independent entity, paving the way for future growth. Investments in product development, technological advancements, and improvements in customer experiences have been pivotal in enhancing Koozie Group's operational capabilities. The Company also successfully integrated four additional acquisitions, which broadened its market leadership, sharpened its product offerings, and increased its customer outreach.
Leadership Remarks and Future Outlook
Pierre Montaubin, CEO of Koozie Group, expressed gratitude for the partnership with H.I.G., noting the transformative effects on their operations. He stated, "Our partnership with H.I.G. was transformative for us, and we are thankful for their guidance and support as we made significant investments in our platform. We are positioned for continued growth and success and look forward to the next chapter." This sentiment reflects the overall satisfaction within the team regarding their collaboration.
Comments from H.I.G. Leadership
Camilo E. Horvilleur, Managing Director at H.I.G., shared insights on the journey, stating that they identified a unique opportunity to evolve a non-core division into a leading platform in the promotional products space. Such visionary leadership has been instrumental in Koozie Group's rapid development.
About Koozie Group
Headquartered in Clearwater, Koozie Group stands as a major supplier in the promotional products industry. The Company boasts a notable presence in several categories, including customized writing instruments and calendars, while holding a top-five position in hard goods. Koozie Group's emphasis on quality, innovation, and exemplary service has made it a trusted partner for tens of thousands of distributors throughout the country. Renowned for pioneering a 24-hour turnaround time for customized orders, Koozie's reputation for excellence continues to set it apart in the competitive landscape.
About H.I.G. Capital
H.I.G. Capital manages a staggering $69 billion in assets and is recognized for its operationally focused investment strategy. Established in Miami but with a global reach, H.I.G. Capital is committed to providing varying types of capital, from debt and equity to real estate investments. The firm's portfolio encompasses over 400 companies worldwide and has achieved significant milestones since its inception in 1993.
Commitment to Growth and Value Creation
With investment strategies including management buyouts, corporate carve-outs, and value-added initiatives in real estate and infrastructure, H.I.G. remains at the forefront of the investment landscape. Their commitment to nurturing growth and creating value consistently positions their portfolio companies for enduring success.
Frequently Asked Questions
What led to the sale of Koozie Group?
The sale was part of H.I.G. Capital's strategic move to transition Koozie Group into a new phase of growth under new ownership.
Who acquired Koozie Group?
Koozie Group was acquired by Garyline LLC, a portfolio company of Mill Point Capital.
What innovations did Koozie Group focus on during H.I.G.'s ownership?
Koozie Group invested in product development, technology enhancements, and operational capabilities to improve customer experience and expand market reach.
What does Koozie Group produce?
Koozie Group specializes in promotional products, including customized writing instruments, calendars, drinkware, and various hard goods.
What is H.I.G. Capital's focus?
H.I.G. Capital focuses on providing equity and debt capital to middle-market companies, emphasizing a hands-on, value-added approach to investments.
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