HGGC invests in Rimkus Consulting Group

01 March 2024 Consulting.us 2 min. read
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HGGC, a Palo Alto, CA-based mid-market private equity firm, has made a strategic growth investment in Rimkus Consulting Group, a Houston-based forensic engineering and technical consulting firm.

Existing minority investor Century Equity Partners and the Rimkus management team will be rolling significant equity into the transaction, for which financial terms were not disclosed.

The deal will enable Rimkus to broaden its service offerings, deepen its bench of expertise, and invest in technology to enhance operations.

“We are excited to welcome HGGC as a strategic partner. Their investment not only recognizes the Rimkus team’s hard work and dedication but also empowers us to accelerate our growth trajectory. With HGGC’s expertise and resources, we’re poised to reach new heights and expand our service offerings to provide even greater value for our clients,” said Jonathan Higgins, president and CEO at Rimkus.

HGGC invests in Rimkus Consulting Group

Rimkus was founded in 1983 and delivers forensic engineering, technical consulting, and expert witness services to insurance companies, law firms, corporations, and government agencies. The company also provides architecture, engineering, and construction services for the built environment, including restoration design, facility risk assessment, and due diligence property assessment.

Rimkus has since 2020 completed 15 acquisitions globally, growing its footprint to 1,400 people and 110+ offices in the US, Canada, and the UK. The firm’s US acquisitions in that timespan include Delta Engineering and Inspection, Commercial Construction Consulting, Core Human Factors, Loss Management Solutions, Sullivan Engineering, and Metallurgical Technologies.

“Rimkus is a proven leader with a fantastic brand and truly differentiated culture. Their track record and reputation among clients make them an exceptionally attractive partner for us,” said HGGC.

HGGC has over $6.9 billion in cumulative capital commitments. The firm focuses on mid-market companies in financial services, technology, business services, and consumer.

“With strong growth momentum already in place, we are happy to continue our support of Rimkus and to collaborate with HGGC and the management team to grow its market leadership,” said Century Equity Partners.

Century initially invested in Rimkus in January 2019. The firm has $1 billion in capital invested and focuses on lower mid-market financial services companies.