H.I.G. Growth Partners Completes Strategic Investment in CDI Computer Dealers Inc.
News / January 26, 2014
H.I.G. Growth Partners (“H.I.G.”), the dedicated growth capital investment affiliate of H.I.G. Capital, announced today that it has partnered with CDI Computer Dealers Inc.’s (“CDI” or the “Company”) owners and management team to make a strategic investment in the Company. Founded in 1981, CDI is the leading provider of refurbished technology to the North American education market. The financial terms of the investment were not disclosed.
“H.I.G.’s investment in CDI provides additional resources, capital and strategic guidance that will enable us to expand our product and service offering to even better serve our core education customer base,” said Saar Pikar, CEO of CDI. Erez Pikar, COO of CDI, commented, “We are very excited to have H.I.G. as a partner as they share our vision for the future growth of the business.”
Steve Loose, a Managing Director of H.I.G. said, “Through a combination of both organic growth and strategic acquisitions, we believe there is a significant opportunity to expand CDI’s product offering. We look forward to working with Saar, Erez and their team to help build upon the strong platform company that they have established.”