H.I.G. Capital has acquired JENNMAR, a global leader in ground control technology, for an undisclosed amount. This acquisition sees the private equity firm take ownership of JENNMAR, a company renowned for its solutions in the mining, tunneling, civil, and infrastructure industries. JENNMAR, established in 1922, has grown into a worldwide partner, emphasizing integrity, innovation, safety, and service.
JENNMAR operates a network of manufacturing facilities globally, providing a comprehensive range of reliable ground support and infrastructure products. As a single-source provider, its affiliates, including JM Steel, Jennchem, XCAL Tools and Industries, and Jennmar Engineering, deliver diverse offerings from steel and chemical roof support to tools, fabrication, conveyors, automation, and specialized engineering services. The company prides itself on building lasting partnerships and tackling complex challenges for its customers.
The strategic rationale behind H.I.G. Capital's acquisition centers on JENNMAR's established market leadership, extensive global footprint, and consistent commitment to innovation. H.I.G. Capital aims to leverage its resources and operational expertise to support JENNMAR's continued expansion, enhance its product development capabilities, and further strengthen its global market position. Expected synergies include accelerating JENNMAR's growth trajectory and optimizing its operational efficiencies across its diverse product and service lines.
Looking forward, the combined entity is poised to reinforce JENNMAR's role as a critical provider of ground control and infrastructure solutions. This acquisition is anticipated to enable JENNMAR to further expand its global reach, continue its legacy of innovation, and deepen its partnerships with customers across the mining, tunneling, civil, and infrastructure sectors, ensuring sustained delivery of essential safety and service-driven solutions.