H.I.G. Capital, L.L.C.
1001 Brickell Bay Drive
Miami, FL 33131
H.I.G. Capital Completes Acquisition of Lucas Group
MIAMI - July 19, 2007 - H.I.G. Capital LLC, a leading global private equity firm based in Miami, Florida, announced today that it has acquired a majority equity interest in Lucas Group.
Lucas Group, headquartered in Atlanta, Georgia, is one of the nation's leading executive recruitment firms. With 15 locations in the United States and two in Germany, Lucas Group has built a reputation for successfully providing human capital placements in multiple markets and industries. Lucas Group has specialty groups focused on recruiting top executives in management, advertising/marketing, sales, accounting, manufacturing, legal, and technical positions across all major industries. Lucas also specializes in placing ex-military personnel. It has performed search assignments for Fortune 100+ companies, as well as regional businesses and entrepreneurial firms.
H.I.G. partnered with the Company's founder and management to consummate the transaction. "After 37 years of independent growth, we are excited to have found the right partner for Lucas Group. With H.I.G.'s financial and strategic support, the Company will continue to grow and advance to the next level in a way that is consistent with our history, philosophy, and value system," said Arthur Lucas, the Founder and Chief Executive Officer of Lucas Group.
Brian Schwartz, a Managing Director of H.I.G., commented "We are excited to partner with an outstanding management team that has created a true market leader and innovator through relentless focus on excellence. We look forward to supporting the team and the next phase of Lucas Group's growth."
About H.I.G. Capital, L.L.C.
H.I.G. Capital L.L.C. ("H.I.G.") is a leading global private equity 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.higcapital.com.
For more information about the Company, please visit www.lucasgroup.com.