In a press release this morning, BrandFX parent Time Manufacturing Company announced that it has been acquired by H.I.G. Capital, a global private equity and alternative asset management company.
“This acquisition strengthens the future of our company, and it enables greater opportunities for all of us as we continue to expand into new regions,” says Time Manufacturing Company CEO Curt Howell. “With a broader global footprint, we will have more people on the ground in more places, and be able to offer more equipment and greater service capacity to more customers.”
Mr. Howell continued: “BrandFX manufactures the most advanced composite truck bodies in the world. Our growth plan has allowed us to expand BrandFX into the boom and bucket product sectors, and H.I.G positions us more strongly than ever for future growth.”
According to today’s press release, “the H.I.G transaction will catalyze the company’s Global Growth Plan, which has been in place since 2017.” Since then, Time Manufacturing has experienced significant profitable growth, both domestically and internationally, including nine acquisitions and the addition of distribution hubs across Europe and in Asia.
Read the complete Time Manufacturing Company press release here: https://www.prnewswire.com/news-releases/time-manufacturing-company-is-acquired-by-hig-capital-from-the-sterling-group-301437314.html
