Hidden Harbor Capital Partners, a Boca Raton, FL – based operationally focused private equity firm specializing in control investments in lower middle market companies, closed its debut buyout fund, at over $265m.
Contributions came from a mix of endowments, foundations, pensions, family offices and funds of funds.
Formed in 2016 by industry veterans John Caple, David Block and Christopher Paldino, Hidden Harbor Capital Partners brings large-scale, private equity experience and resources to the lower middle market with a focus on value-oriented, operationally intense situations.
With this new fund, the firm will continue to seek out platform investment opportunities in U.S.-based companies with revenues between $50 and $500 million and EBITDA up to $25 million with the willingness to look at unprofitable businesses.
So far, Hidden Harbor has completed four acquisitions including:
– Stella Environmental Services, a waste transfer station manager,
– Cloyes Gear & Products, the U.S. leader of timing drive systems and components for the automotive aftermarket,
– Masterwork Electronics, a premier Electronics Manufacturing Service (EMS) provider, and
– Anchor Danly, a North American manufacturer and distributor of critical industrial tooling and related components.