H.I.G. Capital has completed a series of transactions that underscore its activity across both consumer and industrial markets. In July 2025, the firm’s growth equity affiliate announced the sale of a majority stake in The GLD Shop, a jewelry and lifestyle brand, while retaining a minority interest. Later that month, H.I.G. also completed the acquisition of Canadian fuel services company 4Refuel in a transaction valued at up to CAD 400 million.
Consumer Sector Exit
The GLD Shop, founded in 2015, has grown into a prominent direct-to-consumer brand in the jewelry and accessories segment. Under H.I.G.’s ownership, the company reported more than 130 percent revenue growth and achieved profitability. The majority stake sale provides liquidity to investors while allowing H.I.G. to maintain a continuing interest in the brand’s future growth.
The transaction reflects the firm’s ongoing focus on backing consumer businesses with strong digital platforms and scalable product lines. H.I.G. Growth Partners, the firm’s affiliate targeting minority and control investments in growth-oriented companies, led the original investment.
Infrastructure and Energy Expansion
On July 1, 2025, H.I.G. closed the acquisition of 4Refuel, a Canadian on-site fuel delivery and management company, in a deal valued at up to CAD 400 million. The company operates a fleet serving commercial, industrial, and transportation clients across Canada, providing refueling services and fuel management systems.
The acquisition expands H.I.G.’s presence in infrastructure-related businesses and energy services, areas where the firm has been increasingly active. The investment thesis centers on the ongoing demand for efficient fuel logistics and the company’s established position in the Canadian market.
Diversified Activity
The GLD and 4Refuel transactions highlight H.I.G.’s ability to deploy capital across distinct sectors, from consumer brands to industrial services. The firm continues to combine growth equity investments with larger platform acquisitions, reflecting a strategy of diversification across industries and geographies.
Headquartered in Miami, H.I.G. Capital manages approximately $70 billion in assets. Since its founding in 1993, the firm has invested in more than 400 companies worldwide. Its current portfolio of over 100 businesses generates more than $53 billion in combined revenue.