H.I.G. Capital Partners with Insight Global, Inc.
BOSTON – May 14, 2007 – H.I.G. Capital, a leading Miami-based private equity firm, announced today that it completed a strategic investment in Insight Global, Inc (“Insight” or the “Company”) in partnership with Glenn Johnson and Scott Madden, Insight’s founders and top executives. Insight is a leading specialty provider of supplemental staffing of information technology professionals to Fortune 1000 companies throughout the U.S. The Company provides short and long-term consultants in a broad range of IT positions from Desktop Support Technicians and Help Desk Analysts to Network Engineers and Programmers. Insight Global is a national firm headquartered in Atlanta, Georgia, with fourteen additional offices across the United States.
Insight’s management team, led by CEO Glenn Johnson and COO Scott Madden, has extensive experience in the IT staffing industry. They have built Insight into one of the top national IT staffing firms in the U.S., and have cultivated relationships across the Fortune 1000 as well as to a broad range of middle market companies. As a result of a relentless focus on customer service, Insight continues to be one of the fastest growing IT services companies in the country.
“In H.I.G., we found a great partner. They have a proven track record of working with high growth companies to help them build out their infrastructure to provide a strong foundation for continued rapid growth.” said Glenn Johnson, CEO of Insight Global.
John Black of H.I.G. commented, “We are very pleased to have had the opportunity to partner with Glenn and Scott and a very strong Insight management team. The company is very well-positioned to capitalize on a business world that is increasingly dependent on technology and an ever tighter labor market for technology employees.”
Mike Phillips, also of H.I.G. Capital, added: “Insight is rapidly becoming one of the top IT services firms in the United States and is well positioned for future growth. H.I.G. will help the management team as they take the business to the next level and we are very excited to be able to partner with Insight’s management team to grow an already very successful business.”
About H.I.G. Capital
H.I.G. Capital L.L.C. (“H.I.G.”) is a leading private equity and venture capital investment firm with more than $4 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, and San Francisco in the U.S., as well as affiliate offices in London, Hamburg and Paris in Europe, 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 more than 75 transactions. The firm currently manages a portfolio of more than 50 companies with combined revenues in excess of $7 billion. For more information, please refer to the H.I.G. website at www.hig.com.