San Francisco, CA (PRWEB) November 08, 2011
Hart InterCivic Inc., the leading national provider of election voting systems, election management products and services, announced that an affiliate of H.I.G. Capital, LLC, has partnered with Hart InterCivic’s owners and management to make a strategic investment in the Company.
The new investment positions Hart InterCivic Inc. for continued growth in its state, county and municipal technology businesses. The financial terms of the investment were not disclosed.
“We’re proud to join with H.I.G. as co-investors as we continue the growth and success of Hart,” said Gregg Burt, Chairman of Hart InterCivic. “H.I.G. shares and supports our vision, values, commitment to excellence and innovation, and—above all—commitment to meeting our customers’ needs. I look forward to working with them to continue, and build upon, the Hart InterCivic tradition of trusted leadership within the election industry.”
Neil Tuch, a Managing Director of H.I.G. said “Hart InterCivic is a well-positioned, high-growth company with a great future. We are pleased to become significant investors in Hart, and particularly excited we were able to join with management to complete this transaction. We look forward to working with the entire Hart InterCivic team to continue serving its growing customer base while building the Company’s value for its clients, employees, and shareholders for years to come.”
H.I.G. Capital (http://www.higcapital.com) is a leading global private equity investment firm based in Miami. The firm has more than $8.5 billion of capital under management. H.I.G. specializes in providing capital to small and medium sized businesses and has offices in Atlanta, Boston, New York and San Francisco, as well as Hamburg, London and Paris in Europe.
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