H.I.G. Middle Market, the dedicated middle market investment affiliate of H.I.G. Capital, promoted Matt Lozow to managing director and hired Alok Sanghvi as a managing director. Lozow and Sanghvi will be leading H.I.G.’s Business Services investment efforts.

Lozow has been a member of H.I.G.’s New York middle market team since joining the firm in 2009. He has been a key player in several successful H.I.G. investments including Surgery Partners, MagnaCare, SeaStar Marine and A10. Prior to joining H.I.G. in 2009, Lozow worked with private equity firms including Behrman Capital and Audax Private Equity focusing on late stage buyouts and recapitalizations. He began his career as a consultant with Bain & Company.

Sanghvi will be based in H.I.G.’s New York office. He has more than 15 years of experience in private equity and M&A. Before joining H.I.G., Sanghvi led corporate development at MultiPlan, a large healthcare company, where he was responsible for corporate strategy and M&A activity. Before MultiPlan, Sanghvi spent eight years at Warburg Pincus, where he focused on healthcare investments. He began his career at The Boston Consulting Group.

H.I.G. executive managing director Rick Rosen commented, “We are excited to have Matt and Alok head up our Business Services vertical, which has been an active and highly successful area for H.I.G. for many years. They both have extensive experience in Business Services and we look forward to their continued achievements for the Middle Market team.”

Miami-based H.I.G. is a global private equity and alternative assets investment firm with $19 billion of equity capital under management.