BUSINESS

RIMKUS REINFORCES EXPERTISE, EXPANDS MARKET REACH VIA HGGC'S INVESTMENT

23/02/2024 03:56 PM

KUALA LUMPUR, Feb 23 (Bernama) -- Rimkus Consulting Group Inc (Rimkus), a worldwide provider of engineering and technical consulting services, has received a strategic growth investment from HGGC, a middle-market investment firm.

In a statement, Rimkus said its management team and existing minority investor Century Equity Partners will be rolling significant equity into the transaction, but the financial details of the deal were not disclosed.

“We are excited to welcome HGGC as a strategic partner. Their investment not only recognises the Rimkus team’s hard work and dedication but also empowers us to accelerate our growth trajectory.

“With HGGC’s expertise and resources, we are poised to reach new heights and expand our service offerings to provide even greater value for our clients,” said Rimkus President and Chief Executive Officer, Jonathan Higgins.

Meanwhile, HGGC said the company is looking forward to helping Rimkus achieve growth by broadening its service offerings, deepening its already-strong bench of expertise, and investing in technology to enhance operations.

Rimkus provides engineering and technical consulting to global clients including corporations, law firms, insurance carriers, third-party administrators, and government agencies.

The new partnership with HGGC will help Rimkus to broaden its service portfolio, better serve its clients, and further establish itself as the premier technical consulting firm.

Since 2020, Rimkus has made 15 strategic acquisitions, growing its network to more than 1,500 employees and more than 110 offices globally.

Following a strategic rebrand earlier last year, Rimkus has enhanced its existing practice areas to stay ahead of its global clients’ requirements and invested heavily in technology solutions and people which has enabled the company to remain a leader in the industries it serves.

J.P. Morgan acted as exclusive financial advisor to Rimkus, while Baird advised Century Equity Partners, and Piper Sandler advised HGGC.

-- BERNAMA


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