Investment giant acquires Phoenix ME

Investment firm H.I.G. Capital has acquired London M&E specialist Phoenix ME.
The deal will see Phoenix’s CEO Lee Compton reinvest alongside H.I.G. and the company’s existing management team will remain in place.
Jim Arnold will join as Chairman, partnering with management and H.I.G. to support Phoenix’s next phase of growth.Arnold is a former CEO at M Group Services and director at Morrison Utility Services.
In its latest results Phoenix set its sights on a £400m tur