The deal will see Phoenix’s CEO Lee Compton reinvest alongside H.I.G. In its latest results Phoenix set its sights on a £400m turnover after a jump in profits. H.I.G said the investment “provides Phoenix ME with the resources to accelerate its growth strategy, further strengthening its position in high-growth sectors while expanding its presence across the UK and Europe. Lee Compton, CEO of Phoenix ME, said: “Phoenix ME has a long track record of quality and reliability and is a trusted partner for our sector’s largest and most reputable contractors and end customers. Terry Hussey, Board Director at Phoenix ME said: “Our clients will be dealing with the same teams tomorrow as they were yesterday.