With New Fund, Hidden Harbor Expands Team

​Lower middle market investor Hidden Harbor Capital Partners has hired Adam Hanselman as a vice president in its portfolio operations group and Daniel Matam as an associate on its investment team.

Mr. Hanselman will be active in working with the firm’s portfolio companies on both value creation and implementing standard operating procedures. Mr. Matam will be active in sourcing and closing new investments, conducting due diligence, and working with the firm’s portfolio companies.

Boca Raton-based Hidden Harbor was formed in May 2016 by John Caple, a former partner of Comvest Partners; David Block, the former CEO of Swiss Watch International and a former operating partner at H.I.G. Capital; and Christopher Paldino, a former managing director at H.I.G. Capital.

In January 2019 Hidden Harbor closed its debut fund, Hidden Harbor Capital Partners I LP, at an above-target $265 million. “Having recently closed our debut fund, we are excited to continue our momentum with the addition of Adam and Daniel to the Hidden Harbor team,” said Mr. Caple. “Both have demonstrated strong alignment with our core values, and we look forward to their contributions to our sourcing and diligence efforts and to driving value in our current and future portfolio companies.”

Before joining Hidden Harbor, Mr. Hanselman was a project leader at Boston Consulting Group (BCG) where he advised Fortune 500 companies and private equity firms on growth strategy, customer segmentation, pricing, supply chain, operational improvement, M&A planning and due diligence. Prior to his time with BCG, he was an investment banker with Simmons Energy, a division of Piper Jaffray, where he advised oil & gas clients on M&A, capital raises, and restructurings. Mr. Hanselman has an MBA from The University of Chicago and a BA in economics from Brigham Young.

Before joining Hidden Harbor, Mr. Matam was an associate at Atlantic Street Capital, where he performed due diligence and analyzed investment opportunities across a variety of industries. Earlier in his career he was an investment banking analyst with Moelis & Company and Citigroup. Mr. Matam has a BA in economics from The University of Chicago.

Hidden Harbor makes investments in North American-based companies with revenues between $50 million and $500 million and EBITDA up to $25 million. The firm will also consider investing in unprofitable businesses. Sectors of interest include industrials; business services; transportation & logistics; distribution; consumer; chemicals & materials; food & beverage; plastics; paper & packaging; automotive; and infrastructure & building products (www.hh-cp.com).

Since its founding, Hidden Harbor has completed four acquisitions including Houston-based Stella Environmental Services, a waste transfer station manager acquired in August 2017; Fort Smith, AR-based Cloyes Gear & Products, a manufacturer and distributor of timing drive systems and components for the automotive aftermarket acquired in April 2018; Rohnert Park, CA-based Masterwork Electronics, a provider of printed circuit board and cable/harness assembly services acquired in July 2018; and Anchor Danly, a Windsor, ON-based manufacturer and distributor of industrial tooling acquired in September 2018.

© 2019 Private Equity Professional | April 30, 2019

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