NEW YORK--H.I.G. Capital ("H.I.G.") is pleased to announce that its portfolio company, United Flow Technologies (“UFT”), a platform established to invest in the municipal and industrial water and wastewater market, has completed the acquisitions of Shape, Inc. (“Shape”), Engineered Equipment Solutions (“EES”), Newman Regency Group (“Newman Regency”) and Southwest Valve & Equipment (“Southwest Valve”). UFT has completed seven acquisitions since its formation in July 2021.
These acquisitions represent four leading providers of best-in-class products and value-added services to the municipal water and wastewater markets throughout the United States and accelerate UFT’s strategic entry into new territories, product categories and OEM partnerships.
As part of the transactions, UFT will partner with the leadership teams of each business to support their growth initiatives within an integrated and operationally cohesive UFT, with each business’ leadership team and brand remaining in place. Additionally, each of the key principals from each acquired company will become shareholders of UFT. Terms of the transactions were not disclosed.
We are very excited to partner with the Shape, EES, Newman Regency and Southwest Valve teams, all of whom represent market leaders in their respective regions throughout the United States. We believe that these outstanding companies will thrive as part of the UFT platform and be able to accelerate their long-term growth and value creation plans,” commented Matt Hart, CEO of UFT.
“We are thrilled to continue supporting management and UFT in their efforts to further enhance and expand UFT’s product offering and geographical reach,” added Rahul Vinnakota, Managing Director at H.I.G.