GT Independence adds H.I.G. Capital as investment partner

GT Independence, a Sturgis-based financial management service company, has engaged an investment partner, the company announced Monday.

The announcement comes just days after GT signed an agreement with H.I.G. Capital, the terms of which are confidential. The Carmichael family will remain “a significant stakeholder in the company” and John Carmichael will continue as CEO, with GT’s executive team also retaining their positions.

Carmichael said H.I.G. Capital demonstrated strong support of GT’s mission to help people live a life of their choosing regardless of age or ability, and are aligned with extending that mission to new people and places, while continuing to keep GT a best place to work.

This investment will provide additional funding for accelerated growth, enhanced investment in technology to make self-direction easy, and more opportunities for GT employees to advance their skills and careers, the company stated in a release.

“We are thrilled to embark on this new partnership with H.I.G. Capital, which has demonstrated a clear understanding of and appreciation for the important place of self-direction in our health care ecosystem,” Carmichael said. “With H.I.G. Capital’s involvement, GT Independence can maintain our growth trajectory with confidence and help more people be in control of how they receive care and support in their homes and communities, allowing everyone – no matter their age or ability – the dignity to live life on their own terms.” 

Alek Haak-Frost is executive editor and publisher of Watershed Voice.

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