H.I.G. Funds Completes Growth Investment decision in Enseo | Organization
4 min readBOSTON–(Company WIRE)–Jun 21, 2021–
H.I.G. Capital (“H.I.G.”), a main world-wide alternative financial commitment firm with $44 billion of fairness cash less than management, is delighted to announce that an affiliate has done a expansion financial investment in Enseo, LLC. (“Enseo” or the “Company”). Started in 2000 by Vanessa Ogle and centered exterior Dallas, Texas, Enseo is the premier providers company supplying in-room know-how answers to the hospitality, senior residing, education and learning, and healthcare markets.
With this financial investment, Enseo will rapidly accelerate advancement, equally organically and inorganically. Liked by attendees in more than 300,000 rooms globally, Enseo will continue to innovate in hospitality and aggressively increase into senior living, instruction, healthcare, and other new vertical marketplaces.
“H.I.G. is enthusiastic to companion with founder-led providers like Enseo that are leaders in their fields,” explained Todd Ofenloch, Managing Director at H.I.G. “Enseo is uniquely positioned to develop upon its meaningful improvements in this current market to deal with some of the important worries in the field, such as worker security units, IoT space controls, and contactless systems. We glimpse forward to working with the Enseo management staff to assistance their development initiatives.”
Enseo is a speedily developing integration expert services provider and leader in guest-room enjoyment and purchaser knowledge administration. Enseo’s technology now reaches much more than 85 million customers each year with Fortune 500 and field-leading consumers, and delivers alternatives for in-room enjoyment, managed WiFi, wise space automation and electrical power administration, and a suite of health and fitness & safety alternatives.
“H.I.G.’s investment is a testomony to Enseo’s unique capabilities, top market place posture and significant opportunity for progress,” reported Vanessa Ogle, Chairman of Enseo. “Enseo’s results is a outcome of its astounding group, faithful shoppers, and dedicated seller companions who labored hand-in-hand with us to effectively navigate the effects of COVID-19 on the journey sector. The very best is definitely still to arrive.”
Akerman LLP served as authorized counsel to H.I.G. on the transaction. TI Companions and Locke Lord LLP served as financial and authorized counsel, respectively, to Enseo.
About Enseo
Enseo is the leading provider of customer knowledge management technologies in the U.S., supplying answers in hospitality, senior living, instruction, and healthcare. Found in Plano, TX, Enseo has been engineering progressive hardware and software package answers for 21 yrs that supply in-space amusement, managed WiFi, intelligent area automation (IoT) and vitality administration, and a suite of health and fitness & security methods which include staff emergency alert technique, MadeSafe®, and touchless know-how. Enseo is relished by far more than 85 million users on a yearly basis.
Enseo has been regarded for excellence as a Financial Occasions ’s America’s Fastest Increasing Corporations, a person of the finest Entrepreneurial Businesses in The usa for a few consecutive several years by Entrepreneur Journal ’s Entrepreneur 360 Record, the 10 th Quickest-Expanding Women of all ages-Owned/Led Enterprise by Girls Presidents’ Group (WPO), and constantly identified on the Inc. 5000. For extra information, be sure to go to www.enseo.com.
About H.I.G. Money
H.I.G. is a leading worldwide private fairness and option assets financial investment business with $44 billion of fairness capital beneath administration.* Based in Miami, and with places of work in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as properly as intercontinental affiliate places of work in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in delivering both financial debt and equity cash to little and mid-sized businesses, using a adaptable and operationally centered/ benefit-extra strategy. Since its founding in 1993, H.I.G. has invested in and managed a lot more than 300 corporations around the globe. The firm’s present portfolio involves a lot more than 100 providers with merged revenue in extra of $30 billion. For more info, please refer to the H.I.G. website at www.higcapital.com.
* Primarily based on overall cash commitments to cash managed by H.I.G. Money and its affiliates.
Perspective supply variation on businesswire.com:https://www.businesswire.com/information/residence/20210621005117/en/
Make contact with: Todd Ofenloch
Running Director
[email protected] Jang
Principal
Keyword: TEXAS MASSACHUSETTS UNITED STATES NORTH The us CANADA
Industry Search phrase: SENIORS Technologies Typical Wellness Mobile/Wi-fi Purchaser LODGING OTHER Expert Expert services Journey FINANCE BANKING Expert Companies OTHER Know-how AUDIO/Movie OTHER Education and learning Software package Wellness NETWORKS Education and learning Web Components
Source: H.I.G. Capital
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PUB: 06/21/2021 08:00 AM/DISC: 06/21/2021 08:02 AM
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