H.I.G. Capital , a leading global alternative asset investment firm with $55 billion in equity capital under management, is pleased to announce the acquisition of Synecore Limited Synecore and Meesons Futures Limited Meesons by one of its affiliates. Synecore and Meesons will form the Andwis Group the Andwis or the Andwis Group with H.I.G.’s existing portfolio companies, CPS and Classic Lifts. The transaction’s financial terms have not been disclosed.
Synecore specializes in HVAC, electrical, air conditioning, and refrigeration service delivery and maintenance to the hospitality, retail, leisure, and commercial sectors.
Synecore and its network of engineers and suppliers offer maintenance as well as installation services, frequently assisting with site rollout and refurbishment programs.
Meesons, founded in 1864, is a provider of physical security and entrance control solutions for critical national infrastructure as well as the data center, corporate, and leisure sectors.
Meesons and its team of security experts offer certified physical security systems to their clients, such as portals, speed gates, revolving doors, turnstiles, and hostile vehicle mitigation solutions.
H.I.G. intends to continue both companies’ impressive growth trajectories within the Andwis Group in collaboration with the management teams of Synecore and Meeson.
Future acquisitions into Andwis are expected across all existing service lines, including M&E and lifts, as well as the addition of fire protection, access and security, and associated compliance services.
Andwis is a leading provider of technical building services in the United Kingdom. Andwis is founded on the guiding principles of integrity, dynamism, and partnership, as well as the built-in promise of Expertise. Andwis will continue to invest in industry-leading companies as it expands its service offerings and geographic footprint.
Synecore, headquartered in Kent, is a leading provider of specialized mechanical and electrical servicing and maintenance. In its market, the company has built a strong reputation for providing high-quality service to multi-site clients in hospitality and leisure.
With $55 billion in equity capital under management, H.I.G. is a leading global private equity and alternative asset investment firm.