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



HBC led a $35mm recapitalization of Dallas-based RAA. RAA is a Registered Investment Advisor that had over $1.9 billion in assets under management at the time of the recapitalization. RAA provides retirement planning, financial planning, and investment management services primarily to current and former airline industry personnel. In partnership with RAA's CEO, John Bentley, HBC's investment will support the firm's continued growth, both organically and through acquisition.
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Getka Energy, LLC
HBC led the acquisition of Getka Energy from Encap Flatrock Midstream Partners. The Tulsa based company is a crude oil storage and logistics operator. HBC partnered with crude oil storage developer and operator, Barcus Investments. HBC and Barcus will support Getka Energy's existing management team to continue its development of crude oil storage in Cushing, OK and mid-stream projects throughout the Mid-Continent region.

Water Midstream Partners, LLC
Water Midstream Partners was an early innovator in the oil and gas water midstream space, building multi-party produced water transportation pipelines and disposal systems in the Permian Basin. The West Texas assets of Water Midstream consisted of four produced water systems in Midland, Howard, Dawson and Martin counties, encompassing over 35 miles of pipelines connected to nine owned and third-party disposal wells. These assets provided the initial footprint for what is now Solaris Water Midstream, where HBC continues its involvement in the space as an investor and board member.

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 Groupís 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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