Key Takeaways
- • H.I.G. Capital, a $75 billion alternative investment firm, has completed the acquisition of Avove Limited, a UK-based infrastructure services and engineering company serving the water, wastewater, and power sectors, with financial terms undisclosed.
- • Avove operates across Great Britain and Northern Ireland, providing end-to-end design and build solutions to regulated utilities and stands to benefit from the UK's AMP8 water investment cycle focused on asset renewal, pollution reduction, and climate resilience.
- • The incumbent management team, led by CEO Mark Perkins, will remain in place and reinvest alongside H.I.G., with the partnership targeting M&A expansion to broaden service offerings across the utilities sector.
- • The transaction positions H.I.G. to capitalize on forecast infrastructure growth in UK regulated markets, with H.I.G.'s London-based team highlighting anticipated sector capacity, efficiency, and resilience improvements.
Summary
H.I.G. Capital announced the completion of its acquisition of Avove Limited on July 28, 2026, marking the alternative investment firm's entry into the UK infrastructure services sector. H.I.G., which manages $75 billion in capital, acquired Avove through one of its affiliates. The financial terms of the transaction were not disclosed.
Avove is a specialized UK infrastructure services and engineering company focused on regulated utilities, particularly in water, wastewater, and power markets. The company operates across Great Britain and Northern Ireland and has established a track record in high-quality project delivery, workforce management, and community engagement, supported by recent award recognition. The company provides end-to-end design and build solutions tailored to utility infrastructure needs.
The acquisition is strategically timed with the UK's AMP8 (Asset Management Plan 8) water investment cycle, a multi-year infrastructure spending program addressing aging asset renewal, pollution incident reduction, and climate change resilience across the water sector. This regulatory cycle creates predictable, substantial demand for infrastructure services providers like Avove. H.I.G.'s Managing Director in its London office, Adam Taylor, emphasized the firm's view that UK infrastructure markets are positioned for significant growth, with emphasis on capacity improvements, operational efficiency, and resilience strengthening.
Under H.I.G.'s ownership, Avove's existing management team will retain operational control and reinvest in the company. CEO Mark Perkins affirmed the company's commitment to innovation, quality, and safety, stating that the partnership will support improved community outcomes while pursuing growth in the transforming UK utilities market. H.I.G. plans to pursue an M&A strategy to expand Avove's service offerings, positioning the platform for consolidation within the fragmented UK infrastructure services market.
Avove is a specialized UK infrastructure services and engineering company focused on regulated utilities, particularly in water, wastewater, and power markets. The company operates across Great Britain and Northern Ireland and has established a track record in high-quality project delivery, workforce management, and community engagement, supported by recent award recognition. The company provides end-to-end design and build solutions tailored to utility infrastructure needs.
The acquisition is strategically timed with the UK's AMP8 (Asset Management Plan 8) water investment cycle, a multi-year infrastructure spending program addressing aging asset renewal, pollution incident reduction, and climate change resilience across the water sector. This regulatory cycle creates predictable, substantial demand for infrastructure services providers like Avove. H.I.G.'s Managing Director in its London office, Adam Taylor, emphasized the firm's view that UK infrastructure markets are positioned for significant growth, with emphasis on capacity improvements, operational efficiency, and resilience strengthening.
Under H.I.G.'s ownership, Avove's existing management team will retain operational control and reinvest in the company. CEO Mark Perkins affirmed the company's commitment to innovation, quality, and safety, stating that the partnership will support improved community outcomes while pursuing growth in the transforming UK utilities market. H.I.G. plans to pursue an M&A strategy to expand Avove's service offerings, positioning the platform for consolidation within the fragmented UK infrastructure services market.
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