H.I.G. Capital has made an investment in Holland Services, a land services company focused on the energy sector.
“We are very excited about this next stage for Holland. The investment from H.I.G. provides us with financial and operating resources that will enable us to further capitalize on our significant growth potential. This is an exciting time in our industry, and we look forward to working with H.I.G. given their knowledge of our industry and previous experience investing in the oilfield services sector,” said Robert Gaudin, Founder and CEO of Holland.
Holland Services provides land advisory services to companies operating in the oil and gas, transportation, utilities, telecommunications and power industries. Services include acquiring, selling and developing land and mineral rights. The company was founded in 1985 and is headquartered in Fort Worth with additional offices in Houston and Pittsburgh (www.hollandservices.com).
“Robert and his team have built a best-in-class company, and have established true partnerships with a growing base of clients,” said Jeff Zanarini, a Managing Director of H.I.G. “We believe there are numerous market opportunities, both in new basins and new ancillary services, and we look forward to supporting Holland in continuing to set new standards of excellence in the land advisory business.”
Financing for the transaction was provided by THL Credit (www.thlcredit.com). The investment in Holland is the second time THL and H.I.G. have partnered to invest in the oilfield services sector.
H.I.G. Capital specializes in providing capital to small and medium-sized companies and invests in management-led buyouts and recapitalizations of manufacturing or service businesses. H.I.G. Capital has more than $12 billion of equity capital under management. The firm was founded in 1993 and is based in Miami with additional offices in Atlanta, Boston, Chicago, Dallas, New York, San Francisco, London, Hamburg, Madrid, Paris, and Rio de Janeiro (www.higcapital.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 6-6-13