The HiGro Group: Buy Box & Recent Acquisitions

At a glance

EBITDA range	$3M to $10M S1
Revenue range	$15M to $50M S1
Deal types	Platform, Add-on S1
Sectors	Accounting & Professional Services, HVAC, Plumbing & Electrical

What The HiGro Group buys

HiGro Group is a New York private equity firm that buys control or majority stakes in founder-led and family-owned business services companies. It looks for service businesses that still run on older, manual processes and can grow faster with better technology. It sorts its targets into three groups: professional services such as accounting, legal, consulting and technology work; skilled trades such as HVAC, plumbing, mechanical and electrical work and field services; and mission-critical services such as healthcare support, linen, remediation and facilities management. Its largest holding is Daida, a New Jersey document digitization and content management company it has owned since 2018.

For a new platform, HiGro wants $15 million to $50 million of revenue and $3 million to $10 million of EBITDA, in deals worth $30 million to $100 million. Add-ons can be far smaller, starting at about $1 million of revenue and $500,000 of EBITDA. Earnouts, rollover equity and management co-investment are normal parts of its deals. A smaller company is most likely to meet HiGro as an add-on to Daida, ProPencity or Professional Linen Companies.

Recent deals

Announced in the 24 months before October 28, 2026.

Date	Company	Type	Sector	Source
Jul 2026	Foveonics Document SolutionsNew Jersey document scanning and cloud records software provider for county and municipal governments, added to Daida	Add-on	Accounting & Professional Services	Source
Jun 2026	Scan-OpticsManchester, Connecticut document processing and digitization firm founded in 1968, added to Daida	Add-on	Accounting & Professional Services	Source
2026	ProPencityNew platform that runs outsourced back-office and records work for state and local governments	Platform		Source
2025	Professional Linen CompaniesNew platform to roll up linen management and commercial laundry services for hotels and other businesses	Platform		Source

Portfolio by sector

From the firm's portfolio page S1.

Platform

Daida (formerly DRS Imaging Services)
ProPencity
Professional Linen Companies

Past investments: CSA Services

Greymont’s take

How The HiGro Group fits a seller

HiGro suits owners of service businesses with roughly $3 million to $10 million of EBITDA who are planning a succession and want a buyer that will invest in systems and staff rather than cut them. The firm says it often gets to know owners a year or two before a sale, and that just over half of its deals were done directly with founders and families. Today the most natural fit is a smaller document management, records or government services company that could join Daida, which announced two such add-ons in mid-2026.

Because HiGro treats earnouts and rollover equity as standard, part of the price will often depend on results after closing. An owner should ask how any earnout is measured and who controls the decisions that drive it, and whether HiGro is investing from a committed fund or raising money for each deal.

Questions owners ask

What size companies does HiGro Group buy?

For a new platform it targets $15 million to $50 million of revenue and $3 million to $10 million of EBITDA. Add-on acquisitions can be as small as about $1 million of revenue and $500,000 of EBITDA.

Does HiGro buy HVAC or other trade businesses?

Its stated skilled labor focus includes HVAC, plumbing, mechanical and electrical, and field service companies. Its current platforms are in document management, government process outsourcing and commercial linen, so it has not yet announced a trades platform.

How does HiGro structure its deals?

It buys control or majority stakes and says earnouts, rollover equity and management co-investment are standard tools in its transactions, used to keep sellers and managers invested in the next stage of the business.

Is Daida still making acquisitions?

Yes. Daida, which HiGro recapitalized in 2018, announced the Scan-Optics acquisition in June 2026 and Foveonics Document Solutions in July 2026, and said it continues to look at deals across the country.

Sources

S1HiGro Group website (approach, criteria, portfolio and contact sections) Accessed October 28, 2026
S2Daida Acquires Scan-Optics (June 23, 2026) Accessed October 28, 2026
S3Daida Acquires Foveonics Document Solutions (July 8, 2026) Accessed October 28, 2026
S4Daida press releases Accessed October 28, 2026

Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with The HiGro Group. Figures are as reported on the dates shown and may have changed. Request a correction