H.I.G. Capital Completes Acquisition of Avove

H.I.G. Capital, a prominent global alternative investment firm managing approximately $75 billion in capital, has acquired Avove Limited, a UK-based infrastructure services and engineering company specializing in the regulated water and power markets. The transaction, announced on July 28, 2026, did not disclose financial terms. Avove is recognized for its comprehensive design and build solutions tailored for utilities in the water, wastewater, and power sectors, operating across Great Britain and Northern Ireland.

Avove has established a strong reputation for delivering high-quality services and is noted for its commitment to generating social value within the communities it serves. The company has received several awards for its performance and is well-positioned to benefit from the anticipated significant investment in UK infrastructure, particularly in the upcoming AMP8 water investment cycle. This cycle focuses on renewing aging assets, mitigating pollution incidents, and enhancing resilience against climate change, aligning with broader environmental and regulatory trends.

The acquisition is expected to bolster Avove's growth trajectory, with its management team committing to reinvest alongside H.I.G. and remaining in leadership roles to guide the company's ongoing development. The partnership aims to leverage H.I.G.'s extensive experience in the UK services sector and its expertise in executing an M&A strategy to expand Avove's service offerings, thereby enhancing its ability to meet the evolving needs of its customer base.

As UK infrastructure markets are poised for substantial growth, the strategic alignment between H.I.G. and Avove positions both entities to capitalize on emerging opportunities. The focus on improving capacity, efficiency, and resilience within the infrastructure sector is likely to drive further investments and innovations. This transaction reflects a broader trend of consolidation and investment in the infrastructure services space, as firms seek to enhance their capabilities and market presence in a rapidly transforming environment.

Overall, the acquisition of Avove by H.I.G. Capital underscores the increasing importance of infrastructure services in the UK economy, particularly in the context of environmental sustainability and regulatory compliance. As the sector evolves, stakeholders will be closely monitoring how this partnership influences Avove's growth and its contributions to the infrastructure landscape in the coming years.