ST. LOUIS -

The sale of Dent Wizard to Gridiron Capital is now officially finished.

H.I.G Middle Market announced Tuesday that its affiliate has completed the sale of Dent Wizard International to Connecticut-based Gridiron. H.I.G. Middle Market is the dedicated middle market investment affiliate of H.I.G. Capital.  

Terry Koebbe, Dent Wizard’s chief executive officer, said: “H.I.G. has been a highly effective partner that provided invaluable operational and strategic guidance. H.I.G.’s support for the company’s growth initiatives put the business on a high growth trajectory that we feel confident will allow us to continue to succeed.”

H.I.G. Capital managing director Fraser Preston called Dent Wizard “an exceptional company with a bright future,” and said the investment in the company “will provide an attractive return for H.I.G. and its investors, which is a testament to Dent Wizard’s successful transformation.”

Tom Burger, managing partner of Gridiron Capital, said: “We are excited to be partnering with an extremely strong team at Dent Wizard. We see numerous opportunities to work with them to build on their success and add value through our prior experience with outsourced services companies.”

Added Koebbe: “We are proud of the growth that we have been able to achieve over the past several years as a standalone company and feel strongly that we are in the early stages of what we can accomplish. We are excited to partner with Gridiron Capital, whom we believe will help us accelerate our growth through their operational expertise and strong industry relationships.”