Published: July 01, 2010
H.I.G. Capital Completes Sale of Insight Global
BOSTON - (BUSINESS WIRE) - H.I.G. Capital, L.L.C., a leading global private equity investment firm,
today announced the successful sale of Insight Global, Inc. ("Insight
Global") to Harvest Partners, a private equity firm based in New York,
NY.
Insight Global, based in Atlanta, Georgia, is one of the fastest growing
providers of information technology ("IT" ) staffing solutions in North
America with nearly $350 million in annual sales. Insight Global
operates a nationwide network of 21 regional offices, providing
exceptional staffing solutions and customer service to over 1,500
customers. Insight Global fills nearly 10,000 IT staffing placements
each year for a diverse range of Fortune 1000 corporations in end
markets such as technology, healthcare, energy, telecom, financial
services and government. H.I.G. teamed with management to recapitalize
the company in April 2007. Since that time, the company opened several
new offices, expanded into Canada and has grown earnings every year.
"During the past three years with H.I.G. Capital as our financial
sponsor, we have enjoyed an excellent working relationship with the
H.I.G. team and shared in great successes," said Glenn Johnson, Chairman
of Insight Global. "H.I.G. has provided outstanding support with both
strategic direction and capital. Together we have grown Insight Global
into a leading national IT staffing solutions company that will continue
to provide exceptional service and value to our customers."
"Our teaming with Insight Global's outstanding management has been a
true success," commented Michael Phillips, a Managing Director of H.I.G.
Capital. "They have done an exceptional job, more than tripling revenue
during our investment period and generating an extraordinary return for
H.I.G. Capital. Insight Global has a scalable sales and customer service
focused business model with leading operational processes that allows
them to deliver a superior service to their clients. We are confident
that Insight Global will continue their success in the future."
About H.I.G. Capital
H.I.G. Capital is a leading global private equity investment firm with
more than $7.5 billion of equity capital under management. Based in
Miami, and with offices in San Francisco, Atlanta, Boston, and New York
in the U.S., as well as affiliate offices in London, Hamburg and Paris
in Europe, H.I.G. specializes in providing capital to small and
medium-sized companies with attractive growth potential. H.I.G. invests
in management-led buyouts and recapitalizations of profitable and
well-managed service or manufacturing businesses. H.I.G. also has
extensive experience with financial restructurings and operational
turnarounds. Since its founding in 1993, H.I.G. has invested in and
managed more than 200 companies worldwide. The firm's current portfolio
includes companies with combined revenues in excess of $8 billion. For
more information, please refer to the H.I.G. website at www.higcapital.com.
About Harvest Partners
Founded in 1981, Harvest Partners is a New York-based private equity
investment firm, pursuing management buyouts and growth financings.
Focused on manufacturing, energy, specialty services and consumer
businesses, Harvest Partners has over 25 years of experience investing
in domestic and multinational companies. For more information on Harvest
Partners, please visit the web site at www.harvpart.com.

H.I.G. Capital
Michael Phillips, Managing Director, 617-262-8455
Fax:
617-262-1505
mphillips@higcapital.com
or
John
Von Bargen, 617-262-8455
Fax: 617-262-1505
jvonbargen@higcapital.com
www.higcapital.com
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