H.I.G. Capital has announced that BECO Holding Company (BHC) has completed the acquisitions of Electronic Supply Company ("ESC") and Grease Lock. The acquisitions will support the growth initiatives of both companies and leverage commercial synergies.

The incorporation of ESC and Grease Lock through these acquisitions signifies the addition of two significant providers offering products and services in the fire, safety, and security markets across the United States. According to a press release by H.I.G. Capital, these strategic moves by BHC will expedite the expansion of product segments, vendor relationships, and territories. However, the specific terms of the transactions remain undisclosed.

Rahul Vinnakota, Managing Director at H.I.G., said in the press release, "We are pleased to support BHC in making its first two highly strategic acquisitions since forming our partnership. These investments are consistent with our strategy to acquire high quality, complementary businesses to further expand BHC’s proven track record of providing the highest levels of products and services to its customers. We are very excited as we continue to support the BHC team through our partnership and catalyze meaningful growth."

BHC is a distributor of critical fire life safety (FLS) solutions and facility management services in the United States. According to information provided by H.I.G. Capital on the BHC webpage, it caters to independent service providers, wholesale distributors, and national account customers. Furthermore, BHC leverages extensive OEM relationships, a diverse product range, and a network of 16 distribution centers nationwide.

Eric Smith, CEO of BHC, also commented on this development in a press release by H.I.G. Capital: "We are thrilled to welcome ESC and Grease Lock to BHC, the nation’s premier provider of fire, life safety, and security products and technologies. As market leaders within their respective areas with complementary products and services, these businesses are a natural fit for the BHC platform. We are very excited to accelerate their long-term growth plans to better serve our customers."