• August 14, 2006
  • North America

H.I.G. Capital Announces Investment in Gould & Lamb

H.I.G. Capital Announces Investment in Gould & Lamb

MIAMI – August 14, 2006 – H.I.G. Capital, a leading private equity firm based in Miami, Florida, announced today that it has completed an investment in Gould & Lamb, LLC (“G&L”). Headquartered in Bradenton, Florida. Gould & Lamb is a leading insurance services firm that helps its clients, predominately large insurance organizations, evaluate the long term medical costs of injured claimants and ensure proper regulatory compliance. The Company’s products and services, used to establish Medicare set-aside arrangements, life-care plans and medical/legal expert opinions, are used by 18 of the largest 25 Workers’ Compensation insurance carriers, as well as self-insured employers, third-party administrators, defense and plaintiff attorneys, and structured settlement brokers. Gould and Lamb is the largest provider in the U.S. of these services.

H.I.G. partnered with management and the Company’s founders to complete the transaction. “We are extremely excited about our new partnership with H.I.G. Capital.” said John Williams, Gould & Lamb’s Chief Executive Officer. “This investment allows G&L to be further grow our business and to better serve and expand our customer base. I look forward to the beginning of an exciting new relationship, as we work with H.I.G. to expand Gould and Lamb’s business.”

Rick Rosen, Managing Director of H.I.G. Capital, added, “We are very pleased to add G&L to our portfolio of strong, entrepreneurial, growth-driven companies. G&L has an outstanding management team, leading market position and, with this infusion of new capital, the company is well-positioned to take advantage of the strong customer demand for the company’s services.”

About H.I.G. Capital
H.I.G. Capital LLC (“H.I.G.”) is a leading private equity and venture capital investment firm with more than $3 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, and San Francisco, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of profitable and well managed manufacturing or service businesses. H.I.G. also has extensive experience with financial restructurings and operational turnarounds. Since its founding, H.I.G. has completed in excess of 70 transactions. The firm currently manages a portfolio of more than 40 companies with combined revenues in excess of $5 billion. For more information, please refer to the H.I.G. website at www.hig.com.

Rick Rosen
Managing Director

H.I.G. Capital
1001 Brickell Bay Drive
Miami, FL 33131
P 305.379.2322