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Press release content from Business Wire. The AP news staff was not involved in its creation.
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Press release content from Business Wire. The AP news staff was not involved in its creation.

H.I.G. Capital Completes Acquisition of Oxford Global Resources

August 17, 2021 GMT

NEW YORK--(BUSINESS WIRE)--Aug 17, 2021--

H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $45 billion of equity capital under management, is pleased to announce that an affiliate has completed the acquisition of Oxford Global Resources, LLC (“Oxford” or the “Company”), a leading provider of specialty staffing and consulting services in the United States and Europe, from ASGN Incorporated.

Headquartered in Beverly, Massachusetts, Oxford offers on-demand high-end consulting talent serving over 2,200 active clients across the United States and Europe. The Company offers a differentiated service to its clients, focused on providing hard-to-find, highly specialized technical talent in several niche practice areas, including life sciences, information technology, engineering and healthcare.

Rob McGuckin, President and Chief Executive Officer of Oxford commented, “We are thrilled to enter into this new chapter with H.I.G. Capital. We have numerous opportunities for expansion and the partnership with H.I.G. will enable us to accelerate growth through continued investment in our team, capabilities, and service offering. We remain committed to providing outstanding services to our customers, as well as outstanding opportunities for our consultants, and we look forward to working with H.I.G. to support our next phase of growth.”

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“We are very excited to partner with Rob McGuckin and the entire Oxford team,” said Matt Lozow, Managing Director at H.I.G. “As companies are facing increasingly complex technical and regulatory requirements across life sciences, IT, and engineering, we believe Oxford is uniquely positioned to be the partner of choice to help clients address such challenges.” Rob Jang, Managing Director at H.I.G. added, “Oxford is a market leader offering a compelling value proposition to its clients across the United States and Europe. We believe there is significant opportunity ahead for Oxford and we look forward to working with the Oxford team to build upon their success and continue to enhance the Company’s leadership position in the market.”

Wells Fargo Securities, LLC acted as exclusive financial advisor and Ropes & Gray LLP acted as legal counsel to H.I.G. William Blair and Truist Securities acted as financial advisors and Sullivan & Cromwell LLP served as legal counsel to ASGN.

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About Oxford Global Resources
Oxford is a leading high-end specialty staffing and consulting services firm in the United States and Europe. Oxford focuses on proactively utilizing its network of highly skilled professionals to immediately connect its clients with the expertise they need. The Company is known for its unmatched ability to deliver The Right Talent. Right Now. ® Oxford focuses on the premium staffing market for niche, highly specialized roles across Life Sciences, Information Technology, Engineering and Healthcare. Oxford is headquartered in Beverly, Massachusetts, and the Company serves over 2,200 active customers in the United States and Europe. For more information, visit https://www.oxfordcorp.com.

About H.I.G. Capital
H.I.G. is a leading global alternative assets investment firm with $45 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital commitments managed by H.I.G. Capital and affiliates.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210817005866/en/

CONTACT: Matt Lozow

Managing Director

mlozow@higcapital.comRob Jang

Managing Director

rjang@higcapital.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK MASSACHUSETTS

INDUSTRY KEYWORD: TECHNOLOGY HUMAN RESOURCES FINANCE CONSULTING BANKING OTHER TECHNOLOGY PROFESSIONAL SERVICES HEALTH GENERAL HEALTH

SOURCE: H.I.G. Capital

Copyright Business Wire 2021.

PUB: 08/17/2021 03:48 PM/DISC: 08/17/2021 03:48 PM

http://www.businesswire.com/news/home/20210817005866/en