In a press release this morning, Versalift parent Time Manufacturing Company announced that it has been acquired by H.I.G. Capital, a global private equity and alternative asset management company. This transaction will help Versalift continue to strengthen its ability to support its growing base of infrastructure customers both in North America and around the world.
According to the December 1 press release, “the H.I.G transaction will catalyze the company’s Global Growth Plan, which has been in place since 2017.” Since that time, Time Manufacturing has experienced significant profitable growth, both domestically and internationally, including nine acquisitions and the addition of distribution hubs across Europe and in Asia.
According to CEO Curt Howell, “This acquisition strengthens the future of our company, and it enables greater opportunities for all of us as we continue to expand into new regions. With a broader global footprint, we will have more people on the ground in more places, and be able to offer more equipment and greater service capacity to more customers.”
The entire press release can be found here – Time Manufacturing Company Is Acquired by H.I.G. Capital From The Sterling Group
