H.I.G. Capital ("H.I.G."), a leading global private equity investment firm with more than $20 billion of equity capital under management, is pleased to announce that its portfolio company, Office Total S.A. (“Office Total”), has acquired Xsol Soluções Tecnológicas (“Xsol”). Office Total is a leading independent provider of Managed Print Services (MPS) in Brazil.
Headquartered in Rio de Janeiro, Xsol outsources and sells a wide range of office equipment including printers, projectors and monitors. Xsol also provides ongoing technical support and maintenance services to small and mid-sized clients, located primarily in Rio de Janeiro.
“Xsol represents a highly strategic and complementary acquisition for Office Total. We have known Xsol management for years and they have built an excellent reputation based on providing customers with quality service. With the merger of both companies, we will continue delivering outstanding service in collaboration with our valued employees," said Andre Vinicius, CEO of Office Total.
Fernando Marques Oliveira, Managing Director and Head of H.I.G. Latin America, said: “The merger of both companies will further solidify Office Total’s position as one of the largest independent players in the Brazilian MPS market.”