MIAMI, April 22, 2026 /PRNewswire/ — H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $74 billion of capital under management, is pleased to announce that one of its affiliates has signed a definitive agreement to sell its portfolio company, Celerion Holdings, Inc. (“Celerion” or the “Company”), a global CRO and leader in clinical pharmacology and bioanalytical sciences, to funds affiliated with THL Partners (“THL”).

Headquartered in Lincoln, Nebraska, Celerion is a leading provider of highly specialized clinical pharmacology and bioanalytical sciences with deep expertise in first-in-human dose escalation, cardiac safety (TQT), drug-drug interaction, and other complex clinical pharmacology studies that support regulatory approval and drug labeling. Celerion offers an integrated suite of services spanning data management, biostatistics, and clinical monitoring that supports a global base of pharmaceutical and biotechnology customers through its purpose-built clinical and laboratory infrastructure with facilities in Lincoln, Phoenix, Zurich, and Belfast.

H.I.G. acquired Celerion in November 2022 and worked closely with management to accelerate growth and strengthen the Company’s market position. During its ownership, H.I.G. supported strategic investments across commercial, operational, and technology initiatives, including the expansion of Celerion’s clinical and bioanalytical laboratory footprint. These efforts drove exceptional growth and solidified Celerion’s standing as a leading, clinical pharmacology-focused, contract research organization.

Susan Thornton, Celerion’s President & CEO, commented, “H.I.G. has been an exceptional partner to Celerion, helping us accelerate key strategic initiatives and invest meaningfully in our people, capabilities, and infrastructure. These efforts have strengthened our platform and enhanced the quality and consistency of outcomes we deliver to customers. We are excited to carry this momentum forward with THL as we enter our next phase of growth.”

Mike Gallagher, Managing Director at H.I.G., commented, “We are proud of what Celerion’s best-in-class team has accomplished during our partnership. The team has delivered industry- leading growth during our ownership, and we are confident it is uniquely positioned for its next chapter.”

Michael Kuritzky, Managing Director at H.I.G., added, “We are very proud of the work Celerion does to help drug sponsors worldwide navigate the complexities of clinical trial management. It has been a privilege to partner with Susan and her team, and we look forward to Celerion’s continued success.”

BofA Securities, Inc. and Lazard Frères & Co. LLC were financial advisors to H.I.G. and Celerion. McDermott Will & Schulte LLP was legal counsel for H.I.G. and Celerion in connection with the transaction.

About Celerion

Celerion is a clinical research organization that provides comprehensive clinical trial solutions to pharmaceutical and biotechnology clients conducting early clinical research throughout North America, Europe, and Asia. The Company serves its clients through a global network of facilities and provides first-in-human to proof-of-concept studies as well as bioanalytical laboratory services, data management and biometrics, and drug development services. For more information, visit celerion.com.

About H.I.G. Capital

H.I.G. Capital is a leading global alternative investment firm with $74 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco, and Stamford in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach:

H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.H.I.G.’s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.

*Based on total capital raised by H.I.G. Capital and its affiliates.

Contact:

Mike Gallagher
Managing Director
mgallagher@hig.com

Michael Kuritzky
Managing Director
mkuritzky@hig.com

Alex Zisson
Managing Director
azisson@hig.com

H.I.G. Capital
1450 Brickell Avenue
31st Floor
Miami, FL 33131
P: 305.379.2322
hig.com

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SOURCE H.I.G. Capital

The launch brings on-demand robot delivery to San Jose, California — one of the country’s leading hubs for technology, food, and innovationCoco will launch with Uber Eats, bringing AV delivery to customers and merchants across the city

SAN JOSE, Calif., April 22, 2026 /PRNewswire/ — Coco Robotics, the world’s largest urban robot delivery platform and recently named one of Fast Company’s World’s Most Innovative Companies in logistics, today announced the expansion of its autonomous delivery service to San Jose in California. The company’s robots are now active, giving residents, workers, and businesses in the city’s urban core access to fast, zero-emission last-mile delivery on Uber Eats. The launch marks Coco’s latest U.S. market expansion as the company scales its fleet toward thousands of robots globally.

“San Jose has always embraced technology, and welcoming Coco Robotics to our downtown reflects that spirit,” said San Jose Mayor Matt Mahan. “What I’m most encouraged by is that autonomous deliveries in our city will help restaurants and merchants fulfill more orders efficiently and safely, helping drive stronger business performance and greater customer reach. This innovation supports more sustainable and resilient businesses at the heart of our community. We look forward to the rollout of initial operations and to building a long-term program that enables Coco to grow and scale in San Jose.”

Downtown San Jose serves as Coco’s launch zone for its Bay Area debut – a dense, walkable urban hub with hundreds of restaurants and merchants. As the commercial center of Silicon Valley, it draws tens of thousands of tech, finance, and business workers who rely on fast, on-demand delivery throughout the day. The fleet is purpose-built for this environment, navigating sidewalks to complete quick, reliable, zero-emission deliveries.

“We’ve been serving a high volume of takeout orders in downtown San Jose, and demand keeps growing,” said Thuy Vu, owner of Thai Chili Express in Downtown San Jose. “Parking is always a challenge in this area, especially during peak hours, so anything that helps us get orders out faster is a big win. We’re excited for our guests to have another convenient delivery option through Coco, and we can see how this could help us operate more efficiently during our busiest times. It’s also really cool to see this kind of technology showing up in our neighborhood and becoming part of how we serve guests every day.”

“San Jose is exactly the kind of city Coco was built for,” said Zach Rash, Co-Founder and CEO of Coco Robotics. “It has hundreds of restaurants, a world-class food scene, and a downtown full of tech and finance professionals who want great food delivered quickly and reliably. These are busy people who value their time, and Coco gives them a faster, cleaner way to get what they want without leaving their office. It also helps reduce traffic and take pressure off parking in dense urban areas. We’re excited to bring that experience to San Jose.”

“We’re thrilled to bring Coco’s autonomous delivery robots to San Jose, offering a new and innovative way for customers to enjoy their favorite local spots,” said Aaron Emrich, Head of Autonomous Delivery at Uber Eats. “This launch marks another step forward in expanding advanced delivery technology, and we look forward to growing it in partnership with the San Jose community and everyone who uses our platform.”

The San Jose expansion builds on Coco’s proven track record across major U.S. cities including Los Angeles, Chicago, Jersey City, and Miami. The company has completed more than 500,000 zero-emission deliveries to date and operates the industry’s largest dataset of sidewalk robot operations, built from millions of miles navigating complex urban environments. That operational intelligence allows Coco’s fleet to adapt quickly to new cities and begin delivering at scale from day one.

About Coco Robotics

Coco Robotics is the world’s largest urban robotics platform, combining autonomous robots, real-world operations data, and advanced AI to power smarter, more efficient city logistics. Founded in 2020, Coco has completed over 500,000 zero-emission deliveries across the U.S. and Europe. The fleet continuously learns from millions of miles of real-world operations, giving Coco instant adaptability to new cities and environments. This data-driven intelligence allows Coco to expand rapidly while maintaining safe, reliable, and efficient operations. Coco’s mission is to create more sustainable, reliable, and affordable last-mile logistics solutions in cities around the world. For more information, visit www.cocodelivery.com.

About Uber

Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 72 billion trips later across mobility and delivery, we’re building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.

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SOURCE Coco Robotics

Ordoro, a provider of ecommerce shipping and inventory management software, today announced that it has achieved FedEx Compatible Community Tier status for 2026.

AUSTIN, Texas, April 22, 2026 /PRNewswire-PRWeb/ — This recognition highlights Ordoro’s continued investment in building reliable shipping and fulfillment tools for ecommerce merchants.

Ordoro’s platform enables businesses to manage orders, track inventory, and streamline fulfillment workflows across multiple carriers within a single system. By automating shipping processes and centralizing operations, merchants can reduce manual work and improve efficiency as they scale.

The FedEx Compatible program recognizes technology providers whose solutions seamlessly integrate with FedEx to provide access to shipping and other services merchants want, directly from the business tolls they use every day.

For more information about the FedEx Compatible program, visit https://fedex.com/compatible.

Media Contact

Jennifer Lozano, Ordoro, 1 512.271.9453, jennifer@ordoro.com, https://www.ordoro.com/

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SOURCE Ordoro