Messrs. Preston and McMullen will focus on making investments in middle market businesses with enterprise values from $200 million to $1 billion that are located throughout North America with a particular emphasis on companies in the Western United States. Targeted businesses will usually have EBITDA’s greater than $30 million. Sectors of interest include technology, media and telecom, consumer and retail, business services, education, healthcare and specialty manufacturing.
Mr. Preston is a Managing Director of H.I.G. Capital with over fifteen years of private equity and investing experience. Since joining H.I.G. in 2008, he has been involved in all aspects of the investment process; and currently serves on the boards of several H.I.G. Capital portfolio companies. Mr. Preston has worked with companies in a variety of industries, with a focus on business services, consumer products, and technology, media and telecommunications. Prior to joining H.I.G., he was a principal at Nautic Partners where he focused on late stage buyouts and recapitalizations. Mr. Preston received his undergraduate degree from Yale University and earned a JD from Stanford Law School and an MBA from Stanford Graduate School of Business.
Mr. McMullen is a Principal of H.I.G. Capital and is responsible for all aspects of the investment process, including sourcing, transaction structuring, financing and execution of post-closing growth and operational strategies. He has worked with companies in a variety of industries, with a focus on technology, media and telecommunications, consumer products, education and business services. Prior to joining H.I.G. in 2002, he was with the investment banking division of Credit Suisse First Boston. Mr. McMullen received his undergraduate degree from the University of Notre Dame. He earned his MBA from The Wharton School and his MSEd from the Graduate School of Education at the University of Pennsylvania.
H.I.G. Capital specializes in providing capital to small and medium-sized companies and invests in management-led buyouts and recapitalizations of manufacturing or service businesses. Since its founding, H.I.G. has invested in and managed more than 200 companies and the firm’s current portfolio includes companies with combined revenues in excess of $8 billion. H.I.G. Capital has more than $11 billion of equity capital under management. The firm was founded in 1993 and is based in Miami with additional offices in Atlanta, Boston, Chicago, Dallas, New York, San Francisco, London, Hamburg, Madrid, Paris, and Rio de Janeiro (www.higcapital.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 4-2-13