H.I.G. Capital, a leading Miami-based private equity firm last week announced the recapitalization of Houma, La.-based Redfish Rentals.
Redfish is one of the leading providers of portable equipment rental services to the offshore oil and gas industry along the U.S. Gulf Coast and in the Gulf of Mexico. Redfish operates six rental centers along the Louisiana and Texas Gulf Coast.
“There is significant opportunity to expand our capabilities with our outstanding customer base and to enter new markets,” said Redfish Rentals CEO Barry DeRoche.
H.I.G. Capital specializes in providing capital to small and medium-sized companies with growth potential, investing in management-led buyouts and recapitalizations of profitable manufacturing and service businesses.