Acquisition of Supply Source Enterprises

Industrial
Acquisition of Supply Source Enterprises

Summary

Baird served as financial advisor to H.I.G. Capital on this transaction

About

H.I.G. Advantage ("H.I.G."), an investment affiliate of H.I.G. Capital, has acquired a majority stake in Supply Source Enterprises, Inc. (“SSE” or the “Company”), a subsidiary of Genuine Parts Company (“GPC”) (NYSE: GPC). The terms of the transactions were not disclosed.

H.I.G. is a leading global private equity and alternative assets investment firm with $37 billion of equity capital under management. H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses. H.I.G. is headquartered in Miami, Florida.

SSE is a leading distributor and virtual manufacturer of branded and private label personal protective equipment and janitorial, safety, hygiene and sanitation products. The Company serves approximately 4,000 customers across the United States. SSE is headquartered in Cleveland, Ohio.

GPC, founded in 1928, is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts & materials and business products. GPC services tens of thousands of customers from more than 3,600 operations across the world and has approximately 50,000 employees. GPC is headquartered in Atlanta, Georgia.
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Industrial
Acquisition of Supply Source Enterprises
Date
September 2020
Company
H.I.G. Capital
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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