The global pandemic has largely shut down senior hiring.
But H.I.G. Capital found a way around the impracticality of holding in-person interviews, giving office tours, and wooing candidates and their spouses with fancy dinners. It hired someone it already knew–Matt Gullen, who spent more than nine years at the firm from 2007 to 2016 before leaving as a principal to become a partner at Comvest Partners.
As a new managing director in the Miami office, Gullen takes responsibility for finding and executing on both platform and add-on acquisitions in business services, chemicals, telecommunications and manufacturing. Before leaving H.I.G. Capital in 2016 Gullen had served on the boards of several H.I.G. Capital portfolio companies. They include Cornerstone Chemical Company, Lexmark Carpet Mills and Valtris Specialty Chemicals.
Gullen served as partner at West Palm Beach, Florida-based Comvest Partners from 2017 until earlier this month. During that time he served on the investment committee and led deals in business services and chemicals. A year ago he was quoted in a press release announcing the acquisition of VanDeMark Chemical Inc, suggesting he had a big hand in the transaction.
Before joining H.I.G. Capital the first time, Gullen served as a summer associate in 2006 at Clearview Capital and Evercore Partners. From 2001 to 2005 he worked as a consultant at Mars & Co.
H.I.G. Capital manages more than $34 billion across private equity, credit and real estate funds. Last fall it announced the close of its latest middle-market LBO fund at $3.1 billion.
Gullen declined to comment for this article. I was unable to learn if Comvest Partners plans to replace him.