Deal Details
Rimkus Receives Strategic Growth Investment from HGGC
Summary
Rimkus Consulting Group, Inc. ("Rimkus" or the “Company”), a portfolio company of Century Equity Partners, LLC (“Century Equity Partners” or “Century”), has received a strategic growth investment from HGGC. Existing investor Century Equity Partners and the Rimkus management team will be rolling significant equity into the transaction. The transaction is subject to various regulatory approvals and customary closing conditions. The terms of the transaction have not been disclosed.
Baird served as advisor to Century Equity Partners on this transaction.
About
Rimkus is a worldwide provider of engineering and technical consulting to corporations, insurance companies, law firms and government agencies. Rimkus experts specialize in forensic consulting, dispute resolution and construction management services, solutions for the built environment and human factors support for the consumer, industrial and healthcare industries. For more than 40 years, the Company’s professional engineers, architects, scientists and technical specialists have been recognized for their commitment to service excellence by local, national and international business communities. Rimkus operates more than 110 offices worldwide. Rimkus is headquartered in Houston, Texas.Century Equity Partners is a equity firm that provides capital to lower middle market companies seeking investments to support growth or fund acquisitions, partial buyout or recapitalization opportunities. Century focuses on companies operating across the insurance, asset & wealth management, specialty finance and banking and lender services sectors. Century is headquartered in Boston, Massachusetts.
HGGC is a values-driven, partnership-focused private investment firm. The firm’s ecosystem of investors, operators and professionals are united by the shared mission to develop leading enterprises and build long term value together. HGGC invests in technology, business services, financial services and consumer enterprises generally valued between $200M - $1.5B+. The firm manages over $6.9 billion in cumulative capital commitments. Since its inception in 2007, HGGC has completed more than 600 platform investments, add-on acquisitions, recapitalizations and liquidity events with an aggregate transaction value of over $71 billion. HGGC is headquartered in Palo Alto, California.
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- Date
- February 2024
- Company
- Century Equity Partners, LLC
- Transaction
- M&A - Sellside
- Sectors
- Technology & Services
- Verticals
-
Facility, Industrial, Residential & Environmental Services
Business Process Outsourcing
Financial Services & Technology
- Target Geography
- North America
- Acquiror Geography
- North America
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