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.
