Global private equity investment company H.I.G. Capital announced the acquisition of the Eagle Ford Division of Pinnacle Materials. The purchase was made by H.I.G. Capital's portfolio firm Harrison Gypsum. Financial terms of the deal were not disclosed. H.I.G. also said that Eagle Ford will be doing business as ACG Materials.

Eagle Ford manufactures aggregate material used for road maintenance and construction. Its high-quality product is also used for well pads in the Eagle Ford Shale region. Eagle Ford also makes soil stabilization products, drill building materials and steel manufactured goods. Its product is currently used in six mines in the Texas region.

H.I.G Capital Principal Keval Patel said the investment firm is pleased to support their subsidiary firm with its acquisition. "The acquisition will expand HG's geographic footprint and capabilities in one of the most exciting shale plays in North America. We are truly excited about EFD and the pipeline of opportunities it brings," he added.

Harrison Gypsum Chief Executive Officer Russ Harrison said that their company's expertise in mining aggregates as well as its existing client base would be advantageous for the newly-acquired company.