An affiliate of $56 billion alternative investment firm HIG Capital (HIG), has acquired CLC Group Limited (CLC), a UK provider of property and asset refurbishment, from its owner, the Armitage Family Trust.
An affiliate of $56 billion alternative investment firm HIG Capital (HIG), has acquired CLC Group Limited (CLC), a UK provider of property and asset refurbishment, from its owner, the Armitage Family Trust.
The financial terms of the transaction, which will see the Armitage Family Trust and CLC management reinvest in the company alongside HIG, have not been disclosed.
CLC provides refurbishment, electrical, and fire protection services to clients in the social housing, local government, defence, hospitality, and utilities end-markets. Operating 15 branches across the UK, the business has developed an exceptionally strong reputation for service delivery and delivered unbroken organic growth for over two decades.
CLC’s existing management team will remain in place, post-closing.
