HIG Capital Portfolio Company United Flow Technologies acquires Tesco Controls and The Henry P. Thompson Company

NEW YORK–(COMMERCIAL THREAD) – HIG Capital (“HIG”), a leading global alternative investment firm with more than $ 45 billion in equity under management, today announced that its holding company, United Flow Technologies ( “UFT”), a platform created to invest in the municipal and industrial water and wastewater market, has completed the acquisitions of Tesco Controls, Inc. (“TESCO”) and The Henry P. Thompson Company (“HPT”). TESCO and HPT represent UFT’s second and third acquisitions, respectively, following its initial acquisition of MISCOwater in July 2021.

As part of the transaction, HIG will partner with both TESCO and HPT management teams to support their growth initiatives within an integrated and operationally cohesive UFT. The TESCO and HPT teams and brands will remain in place. Terms of the transactions were not disclosed.

Founded in 1970 and headquartered in Sacramento, California, TESCO is one of North America’s leading control systems integrators focused on the water, wastewater, transportation, and renewable energy sectors. TESCO provides its customers with state-of-the-art power and process control systems and comprehensive services through regional offices across the continental United States and Hawaii.

Shain Thomas, CEO of TESCO, commented: “We are delighted to enter this new chapter with HIG and UFT. We have a number of expansion opportunities ahead of us and the partnership will allow us to accelerate our growth through significant investments in our people, our product and service offering, our R&D and our geographic footprint.

Founded in 1910 and headquartered in Milford, OH, HPT is a leading provider of process, pump and equipment solutions for the municipal water, wastewater and industrial markets. HPT provides its customers with the best products manufactured by major original equipment manufacturers and value-added services through multiple offices in three states in the Midwestern United States.

HPT partners Lance Gaffin, Neil Raymond and Tim Shaw said, “We are delighted to partner with HIG and UFT. Over the past 100 years, HPT has been synonymous with high quality product and service and we look forward to continuing this tradition as part of UFT. We believe that as part of this platform, we can expand our reach and range of products and services to better serve our customers and OEM partners. ”

“We are very pleased to partner with the TESCO and HPT teams, both of which have a proven track record in providing the highest quality products and services to their customers,” added Rahul Vinnakota, Managing Director of HIG. are a number of compelling growth opportunities that we can realize by bringing together leading companies such as MISCOwater, TESCO and HPT into the UFT platform. Additionally, we believe that HIG’s track record of building successful integrated platforms will enable significant business and operational cohesion across the UFT organization.

About Tesco Controls, Inc.

Tesco Controls, Inc. is one of the largest control systems integrators in North America focused on the water, wastewater and renewable energy industries. TESCO provides complete end-to-end power and process control systems, from initial assessment and system design through manufacturing, programming and commissioning. For more information visit www.tescocontrols.com.

About the Henry P. Thompson Company

Henry P. Thompson Company is a leading provider of process, pump and equipment solutions for the municipal water, wastewater and industrial markets. HPT provides its customers with best-in-class products manufactured by leading original equipment manufacturers and value-added services through multiple offices in three states in the Midwestern United States. For more information visit www.hpthompson.com.

About HIG Capital

HIG is a leading global alternative asset investment firm with over $ 45 billion in equity under management. * Based in Miami and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco and Atlanta in the United States, as as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, HIG specializes in the provision of debt and equity capital specific to small and medium-sized enterprises, using an added -approach:

1. HIG’s equity funds invest in executive buyouts, recapitalizations and spin-offs of both profitable and underperforming manufacturing and service companies.

2. HIG Debt Funds invest in senior, unitranche and junior debt financing to companies of all sizes, both on a primary basis (direct origination), as well as in secondary markets. HIG is also a primary manager of CLO, through its WhiteHorse family of vehicles, and operates a publicly traded BDC, WhiteHorse Finance.

3. HIG’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.

4. HIG Infrastructure focuses on making value-added and core plus investments in the infrastructure sector.

Since its inception in 1993, HIG has invested and managed more than 300 companies around the world. The company’s current portfolio includes more than 100 companies with combined sales of over $ 30 billion. For more information, please visit the HIG website at www.higcapital.com.

* Based on total capital commitments managed by HIG Capital and its subsidiaries.