H.I.G. Capital, a global private equity and alternative assets investment firm based in Boston, completed its acquisition of Barton & Associates Inc. on Aug. 1. Terms of the deal were not disclosed.
UBS Investment Bank and BofA Securities acted as financial advisors and McDermott Will & Emery LLP acted as legal counsel to H.I.G. JP Morgan Securities LLC acted as exclusive financial advisor and WilmerHale LLP served as legal counsel to Barton.
Barton & Associates Inc. is a healthcare staffing company specializing in travel nursing, allied health care and government-related physician staffing markets. Headquartered in Peabody, Massachusetts, Barton offers staffing services on a temporary basis to hundreds of healthcare facilities.
Since its founding in 1993, H.I.G. Capital has invested in and managed more than 300 companies worldwide. The firm’s portfolio includes more than 100 companies with combined sales of more than $30 billion. H.I.G. Capital has more than $50 billion of equity capital under management.
According to the LevinPro HC database, this marks the 323rd Other Services deal of 2022, a 31.3% increase from the same time last year when there were 246 Other Services transactions. The Barton & Associates acquisition also marks the 21st healthcare staffing transaction of the year, one deal less than the same time last year when there were 22 healthcare staffing deals announced. Of the 21 deals, 10 were done by private equity firms and/or their portfolio companies.
