Investments

HBC is open to all forms of investments - from mezzanine to minority equity to control equity - in growth-oriented middle-market companies looking to recapitalize, execute an ownership buyout or fund a growth initiative.

We focus on the major sectors of the economy, including retail, consumer products, manufacturing, energy and media, and our typical investment ranges from $10 million to $50 million per transaction.

We seek to invest in companies that have the following characteristics:

  • Leadership market positions with high barriers to entry
  • Predictable cash flows, preferable with low capital expenditures/high free cash flow conversion
  • Current favorable industry macro or visibility to near-term secular uptrend
  • Opportunities to invest for growth
  • Family business, corporate orphans and various other ownership structures
  • Domiciled in the U.S. or Canada, or another country with established rule of law and a stable, freely-traded currency

 


Transactions

Retirement Advisors of America
HBC led a $35mm recapitalization of Dallas-based Retirement Advisors of America.
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Whitefish Energy Holdings, LLC
HBC co-invested with Dallas-based Flat Creek Capital, LP to invest growth capital in Montana-based Whitefish Energy Holdings, LLC ("WEH"). WEH is an electrical utility service company focused on power line transmission and distribution, substation, renewable, and transformer manufacturing projects.

Water Midstream Partners, LLC
Water Midstream is a development and operating company focused on oil and gas water management from source to wellhead and from wellhead to final disposal. Water Midstream currently operates multiple saltwater pipeline systems and disposal wells in the Permian Basin. The Company also oversees operations in the Eagle Ford and East Texas, including disposal wells and pipeline systems.

Whitewater Resources LLC
HBC invested in and co-operates three salt water disposal facilities in the Eagle Ford Shale region. The platform, of which HBC owns 50%, is actively developing additional facilities and water gathering systems throughout the region.

Hail Merry
HBC led a $6mm investment in Dallas-based natural food manufacturer Hail Merry.
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Wildcat Midstream Partners
HBC co-invested with Chris Rozzell, Mike Davis and David Miller, in the growth capital projects of Wildcat Midstream Partners.
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Nettwerk Music Group
HBC led a $10 million equity raise to support Nettwerk Music Group’s development of new and existing intellectual property assets based in the works of world-class musicians and songwriters.

San Pedro Development (SPD)
HBC participated in Zell Credit Opportunity Fund's $77 million recapitalization of San Pedro Development. SPD owns a 30% non-operated working interest in a 67,282 acre area in San Pedro, Hamilton, and La Bandera ranches in Dimmit and Maverick Counties in South Texas which is operated by BlackBrush Oil and Gas. HBC holds one board seat and is a member of the control group of SPD.

Dale Bakken Partners
HBC invested in and is a co-general partner with Dale Resources in an $80 million Working Interest Fund focused on the Bakken Oil Shale in North Dakota.

Dale Pecos Permian Partners
HBC co-invested alongside Dale Resources in a new Oil E&P partnership focusing on the Permian Basin in West Texas.

Browning Oil Company, Inc.
HBC co-led a $15 million equity raise to support Browning's acreage acquisitions and prospect development in the Permian Basin in West Texas.

Terryville and West Simsboro Field Working Interest
HBC invested alongside Camterra Resources to acquire from SM Energy a package of producing working interests in Northern Louisiana operated by WildHorse Resources.

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