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H.I.G. Capital affiliate acquires tech company Velocity Solutions

An affiliate of H.I.G. Capital LLC has completed the acquisition of Fort Lauderdale, FL.-based, Velocity Solutions Inc.

Velocity's management team will own a minority equity position in the provider of software and technology-enabled solutions to banks, credit unions and insurers.

William Blair & Co. LLC acted as exclusive financial adviser to Velocity in the transaction and McDermott Will & Emery LLP served as legal counsel to H.I.G.