HIG Capital (HIG), a global alternative investment firm with USD44 billion of equity capital under management, has completed a growth investment in Homewerks Worldwide, LLC (Homewerks), an innovator in the kitchen, bathroom, and plumbing home improvement categories.
Founded in 2006 by Peter Berkman and based outside Chicago, Illinois, Homewerks develops, sources, and markets a variety of home improvement products under their own brand names as well as retailer private brands across the rough plumbing, fashion plumbing, HVAC, and bath accessory categories. The Company’s reputation for continuous innovation, high quality products and services, and its expansive product portfolio drive significant value for its customers.
HIG is partnering with Chief Executive Officer Peter Berkman as well as the current management team to provide capital and resources to take advantage of the Company’s significant strategic growth initiatives, new product development, and substantial consolidation opportunities across the highly fragmented home improvement industry.
Source: Private Equity Wire
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