MIAMI--(BUSINESS WIRE)--H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $60 billion of capital under management, is pleased to announce that one of its affiliates has completed the acquisition of Segers Aero Corporation (“Segers” or the “Company”).
Segers provides essential maintenance, repair, and overhaul (“MRO”) services on mission-critical military platforms. The Company offers a comprehensive suite of engine, accessory, and propeller services for global operators of the C-130 and similar aircraft. The C-130 is the most versatile tactical airlift platform developed with more than 2,000 active aircraft utilized for a variety of mission profiles. Segers, headquartered in Fairhope, AL, was founded in 1976 and is led by a team of industry veterans with deep MRO experience.
Segers is recognized by its OEM partners and customers for superior quality and continuous improvement efforts. The Company maintains a wide range of approvals from Rolls Royce, Lockheed Martin, and Honeywell, in addition to national airworthiness approvals from the United States, European Union, and the United Arab Emirates (UAE).
H.I.G. is partnering with the current management team to support the Company’s continued growth. Christo Kok, Segers' Chief Executive Officer, said, “Over the last five decades, we have made substantial investments in our facility, expertise, and capabilities to position Segers as a best-in-class provider of repair and overhaul services. Given our reputation for safety and providing the highest quality services, our customers are increasingly turning to Segers to meet their needs. We are excited to partner with H.I.G. to leverage their resources and experience to further invest in our capabilities and provide best-in-class service to our customers.”
Anthony Chambers, Managing Director at H.I.G., added, “Segers is a critically important partner to global operators of the C-130 and related platforms. We look forward to collaborating with management to build upon the Company’s long history of success with incremental investments to expand capacity and enhance opportunities for continued growth.”
About Segers
Segers is a leading FAA-certified repair center and provides MRO services on the C-130 and related platforms. The Company is a Rolls-Royce Authorized Maintenance Center for the T56/501 engine, a Lockheed Martin Hercules QEC Service Center, and Honeywell-Approved Fuel Component Service Center for the T56/501. The company also provides full repair and overhaul of Hercules and P-3 propellers, including valve housings and pump housings. The Segers team is dedicated to providing world-class quality products and services with five decades of prior performance serving global militaries and cargo carriers. Segers was founded in 1976 and is headquartered in Fairhope, AL. For more information, visit segers.aero.
About H.I.G. Capital
H.I.G. is a leading global alternative investment firm with $60 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, and Dubai, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach:
- H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
- H.I.G.’s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.
- H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
- H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.
Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm's current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.
*Based on total capital raised by H.I.G. Capital and its affiliates.
