H.I.G. Capital Acquires Inventus Power Advanced Battery Systems

H.I.G. Capital, a Miami-based global alternative investment firm with $74 billion in assets under management, has finalized the acquisition of Inventus Power, a prominent global manufacturer of advanced lithium-ion batteries and power systems. The deal marks a strategic expansion for H.I.G. into the energy storage and industrial technology sectors, leveraging Inventus Power’s expertise in custom battery solutions for mission-critical applications.

Inventus Power, headquartered in Woodridge, Illinois, specializes in designing and manufacturing highly engineered lithium-ion battery packs, smart chargers, and power supplies. Its products serve diverse end markets including aerospace and defense, medical devices, industrial fleets, and consumer electronics. The company operates manufacturing facilities and engineering centers across the United States, Mexico, China, and Brazil, supporting a global customer base with integrated design, testing, and certification capabilities.

Founded in 1960, Inventus Power has built a reputation for delivering reliable, long lifecycle battery systems embedded in critical platforms. The acquisition by H.I.G. Capital aims to accelerate Inventus’s growth by providing capital and operational support to scale manufacturing, enhance research and development, and expand into adjacent high-growth markets such as electric vehicles and renewable energy.

Patrick Trippel, CEO of Inventus Power, stated, “We are excited to partner with H.I.G. to further our ambitions of being a leading global provider of advanced battery systems. This is a testament to the hard work and dedication of our team, whose relentless focus and dedication has built the Company into what it is today. We look forward to the next chapter alongside our partners at H.I.G.”

Peter Hart, Managing Director at H.I.G., commented, “Inventus Power has built an impressive platform driven by innovation, quality, and deep customer partnerships. We believe the Company is well positioned to capitalize on growing demand for advanced energy solutions, and we are eager to support management in accelerating its strategic initiatives.”

The acquisition aligns with broader industry trends of accelerating electrification and widespread adoption of lithium-ion technology. As demand for reliable, customized power solutions grows across military, medical, and industrial sectors, Inventus Power’s capabilities position it to capture significant market share. H.I.G.’s investment is expected to enhance operational efficiencies through supply chain optimization and consolidated manufacturing, while expanding Inventus’s customer reach via H.I.G.’s extensive global network.

Financial terms of the transaction were not disclosed. The deal is expected to face standard regulatory approvals and integration challenges, including managing cross-border operations and maintaining innovation momentum. However, the partnership aims to leverage H.I.G.’s operational expertise to scale Inventus’s manufacturing capacity and accelerate product development.

With this acquisition, H.I.G. Capital continues to expand its portfolio in the energy storage and industrial technology sectors, supporting companies that address evolving power demands worldwide. Inventus Power’s established presence across four continents and its focus on mission-critical battery systems provide a strong foundation for future growth under H.I.G.’s ownership.