HIG Capital Announces the Sale of Allegient Systems

New York, NY, November 11, 2011 --(PR.com)-- Rob Wolfson, a Managing Director at HIG Capital commented, "Working with the Allegient team was a pleasure and a tremendous success. The Allegient team has done a fantastic job building the leading SaaS-based claims vendor management company. Over the last 4 years, Allegient has consistently grown at almost 20%, nearly doubling its revenues. We are confident Allegient's success will continue well into the future."

Rob is a Managing Director based in HIG's San Francisco office. Rob is responsible for all key aspects of the investment process including sourcing, transaction structuring, financing, and post-closing growth strategies. Since joining HIG, Rob has led investments in a number of industries including technology, healthcare, business services and manufacturing, and is currently serving on the board of directors of several HIG companies.

Rob brings over ten years of investment, financial services, and operating experience across many industries. Prior to HIG, Rob was Vice President of Sales and Business Development for IPWireless (IPW), a wireless infrastructure provider. Rob helped IPW grow annual sales from zero to over fifty million. Rob began his career as a consultant with LEK Consulting, a leading worldwide strategy consulting firm where he worked with Fortune 500 companies, private equity firms and private equity portfolio companies.

Rob earned his undergraduate degree from Northwestern University, Cum Laude, and his M.B.A. from Harvard Business School.

HIG Capital is a leading global private equity investment firm based in Miami. The firm has more than $8.5 billion of capital under management. HIG specializes in providing capital to small and medium sized businesses and has offices in Atlanta, Boston, New York and San Francisco, as well as Hamburg, London and Paris in Europe.

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