H.I.G. Capital Acquires Quisitive, Strengthening Market Position
H.I.G. Capital Completes Acquisition of Quisitive
H.I.G. Capital, a prominent global alternative investment firm with significant capital resources, has announced a major achievement. One of its affiliates has finalized the acquisition of Quisitive Technology Solutions Inc., a well-regarded Microsoft Cloud and AI solutions provider. Under the leadership of CEO Mike Reinhart, Quisitive's management team will continue to operate the Company.
About Quisitive Technology Solutions Inc.
Founded in 2016 and based in Dallas, Quisitive has established itself as a leader in cloud services within the Microsoft ecosystem. The Company specializes in digital transformation, providing managed services, and delivering AI solutions to both mid-size and enterprise clients. With a workforce of nearly 500 professionals worldwide, Quisitive empowers its clients to leverage Microsoft Cloud offerings, modernizing software applications and optimizing cloud environments in Azure, promoting enhanced collaboration and data analytics capabilities.
Leadership Perspectives on the Acquisition
Mike Reinhart, the CEO of Quisitive, expressed enthusiasm about this strategic partnership with H.I.G. He noted that this collaboration reflects the high-level advisory and support services that Quisitive provides to clients during critical technological changes. Reinhart emphasized H.I.G.'s relevant experience in the IT services sector and looks forward to leveraging this partnership to enhance the value offered to customers.
Kevin Van Culin, Managing Director at H.I.G., shared insights about Quisitive's unique offerings, celebrating the impressive technical capabilities the Company has developed. Their focus on valued products such as Dynamics, Power BI, Azure, and Copilot has distinguished Quisitive in a competitive landscape. H.I.G. is committed to supporting the Company’s aspiration to accelerate growth through this acquisition.
About H.I.G. Capital
H.I.G. Capital stands as a leading global investment firm with substantial assets under management. The firm, headquartered in Miami, also operates from multiple locations, enhancing its ability to provide innovative financial solutions. H.I.G. focuses on the middle market, delivering both debt and equity financing options with a strong operational focus.
Expertise in Various Investment Strategies
H.I.G. invests through a diversity of funds, handling management buyouts, recapitalizations, and corporate carve-outs. Their capital provides vital support for both thriving and underperforming businesses, showcasing their commitment to fostering growth and innovation. The firm also engages in extensive debt financing, catering to a range of companies while managing a publicly traded BDC, WhiteHorse Finance.
The Real Estate and Infrastructure Sectors
In addition to its equity and debt initiatives, H.I.G. Capital has established real estate and infrastructure funds. Their strategy emphasizes investing in properties where revamped asset management can yield significant improvements. This diversification further solidifies H.I.G.'s position in the market.
Vision for the Future
Since its inception in 1993, H.I.G. Capital has made extensive investments, successfully managing over 400 companies globally. Its current portfolio reflects robust growth, comprising over 100 companies with combined revenues of more than $53 billion. This acquisition of Quisitive not only strengthens H.I.G.'s presence in the IT services domain but also represents a strategic move to broaden its horizons within the technology landscape.
Frequently Asked Questions
What is the significance of H.I.G. Capital acquiring Quisitive?
The acquisition enhances H.I.G. Capital's offerings in the cloud and AI sectors, combining resources for growth and innovation.
Who leads Quisitive Technology Solutions Inc.?
Quisitive is led by CEO Mike Reinhart, who continues to steer the company's innovative direction.
What services does Quisitive provide?
Quisitive focuses on digital transformation, cloud migration, managed services, and AI solutions tailored for its clients.
How does H.I.G. Capital support its investments?
H.I.G. adopts a flexible and operationally focused approach to provide both debt and equity financing to middle-market companies.
What is H.I.G. Capital’s track record?
H.I.G. has successfully invested in over 400 companies, amassing a diverse and growing portfolio across various sectors.
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