HKW has added Jeff Bistrong to the firm as a new partner. Prior to joining HKW, Mr. Bistrong founded and led the technology, media and telecom group at Harris Williams.
“This is a great opportunity to add a leading technology executive to our team,” said Ted Kramer, president and CEO of HKW. “Jeff’s business acumen, and more importantly his embodiment of HKW’s culture and values, provides us with a competitive advantage for sourcing deals and positions us well as the current economic environment continues to evolve.”
In his new position with HKW, Mr. Bistrong will be based in Boston and will serve as a member of HKW’s Investment and Exit committees.
“As we identify investment opportunities coming out of this down cycle, I believe that the penetration of technology across all sectors will accelerate,” said Mr. Bistrong. “I’m excited about this opportunity and confident my background and experience can provide valuable insight while supporting the core objectives that have driven HKW’s success for a long time.”
Mr. Bistrong worked at Harris Williams from 2002 to 2019. He has his MBA and MA in Asian Studies from the University of Michigan and his undergraduate degree from Colby College.
HKW invests in companies with EBITDAs between $5 million and $30 million. Sectors of interest include business services and health & wellness. In October 2019, the firm announced a final above target close of HKW Capital Partners V LP with total commitments of $365 million.
Mr. Bistrong has served on numerous boards of directors and he is currently on the board of HKW-owned GCR, a New Orleans-based public sector software development and consulting firm that it acquired through its fifth fund in December 2017.
Since 1982, HKW has acquired 63 North America-based lower middle-market platform companies and closed 68 add-on acquisitions. The firm was founded in 1903 and is headquartered in Indianapolis with an additional office in New York.
Private Equity Professional | May 19, 2020