HGGC is one of the most successful private equity firms in the country. They capitalize on profitable buyouts, platform investments, growth equities, corporate carve-outs and restructuring in the middle market among other activities. The company invests in a variety of fields ranging from manufacturing, financial services, industrial services, healthcare, and many other industries. The bulk of the company’s investments are in Northern America, but they are looking to expand into other regions.
The company looks for businesses and companies where they can invest amounts ranging between $25 million and $125 million. They also look for revenue investments exceeding $100 million. The company gets into business partnerships where they can take either the majority position or the minority position, as long as they have the control rights. The company has been in business for the past 12 years. They were formerly known by the name Huntsman Global Gay Capital but changed it to HGGC. The company has its headquarters in Palo Alto, California. However, they have created additional offices in West Palm Beach in Florida and Salt Lake City in Utah.
Last year, the company’s management decided to overhaul the top leadership. They announced the new leadership positions in October 2018. The additional staff members were sourced from blue-chip companies both in the financial and business brands. The variety in the additions aims to ensure that HGGC has a comprehensive skill set needed to handle business from all business sectors.
Among the appointments is Christopher Quinn. He joins the company as an executive director. He will focus on raising the company’s portfolio. The other notable appointment is Zachary Adams, who was previously an associate at the Boston Consulting Group. He takes up the role of an executive director as well. Other appointments include Patrick Malanga, William Spector, and Merrill Lynch.
These appointments are all part of the efforts that the business is making to create a seasoned team which will push their agenda to the next level. HGGC has been known for bringing the best practices from fields such as private equities to middle-markets. They have managed to outperform the current markets at every step of the way.
Palo Alto’s own HGGC has recently announced some major promotions and additions to its leadership team that includes ten promotions and five new hires. As a part of these promotions are five elevations to partner status. The respected private equity firm was founded in 2007 and has steadily built an impressive portfolio of companies. There are currently some 60 thousand employees across the world that are employed by HGGC portfolio companies. The company has recently experienced a particularly busy and robust period and has recently had the benefit of receiving a strategic investment that was received from the Dyal Capital Partners. In the wake of this major investment being received, the firm is now able to enhance its overall leadership team with major promotions and new hires.
HGGC partner, co-founder and President Steve Young has emphasized how proud himself and CEO, Chairman and co-founder Rich Lawson are to be able to promote individuals who have made a major contribution to the success that HGGC has experienced. Five of the team’s current members have been promoted to the status of partner in recognition of the excellent work that they have done over the years in building up the company’s brand. These individuals who have attained partner status are Les Brown, Lance Taylor, Harv Barenz, John Block and Steven Leistner. These team members are all highly experienced and knowledgeable about the ins and outs of the private equity industry and this makes them ideal selections for status in the company as partners. This move is a major recognition of all of their hard work over the years in bringing success to the HGGC brand.
Private equity operation HGGC was founded in 2007 by Rich Lawson, Gregory Benson, Bob Gay and Steve Young. The company bases its operations out of the city of Palo Alto which is located in the San Francisco Bay Area of the U.S state of California. The company has established itself as one of the leading private equity operations in the area of middle market investment. A strong emphasis on transactions of a leveraged buyout nature has characterized the consistent success that the firm has achieved since its founding just over a decade ago.