HIG Capital sells ECI to Wind Point Partners

Context is everything. Out in the open ocean, a transient belt of seaweed known as sargassum is considered a “floating rainforest,” providing nutrients and habitat for marine life. But when it drifts to shore, the massive knot of macroalgae has its downsides. Beaches in Mexico, the Caribbean and Florida have been struggling with thick, smelly mats of seaweed, damaging tourism and local ecosystems.