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H.I.G. Acquires Time Manufacturing, Accelerating Its Growth Plan
Time Manufacturing Company and its associated brands, facilities and operations were recently acquired by H.I.G. Capital from The Sterling Group. The Sterling Group purchased Time Manufacturing Company from a family that had owned it for more than 40 years.
The H.I.G. transaction will catalyze the company’s global growth plan which has been in place since 2017. In that period, Time Manufacturing Company has experienced significant profitable growth, both domestically and internationally, including nine acquisitions and the addition of distribution hubs across Europe and in Asia.
“The resources and industry knowledge that H.I.G. brings, combined with its proven ability to help companies grow through acquisition, will allow us to accelerate our growth plan,” says Curt Howell, CEO of Time Manufacturing Company. “With this partnership, we are confident we will expand our already industry-leading position and most importantly, continue to satisfy the needs of our customers.”
Howell will continue in his leadership role.
- ◦Sale/Acquisition
