H.I.G. to Increase All American Group Stake

H.I.G. Capital has agreed to acquire the remaining ownership interest in All American Group (OTC: COHM) that it does not already own. In 2009, the firm exercised all of its warrants in the company, obtained through a debt financing round, and gained a 55.8% stake. H.I.G. will pay other AAG shareholders $0.20 per share. Existing shareholders will also receive an interest in a liquidating trust, which may receive proceeds from the sale of certain AAG assets. AAG builds systems-built houses and large-scale residential construction projects.