Erick Hamdan has joined Fulcrum Capital Partners as its newest Operating Partner. Mr. Hamdan is based in Edmonton where Fulcrum has now opened an office to continue focusing on the Alberta market as well as other investment opportunities in Saskatchewan and Manitoba.
Mr. Hamdan will work with Fulcrum and its portfolio companies to improve EBITDA and free cash flow through revenue and margin growth, cost and productivity initiatives, and balance sheet management. In addition, he will work with Fulcrum’s investment teams to source, review, and acquire new investments for Fulcrum fifth fund which closed above target in July 2015 with C$344 million in commitments.
Mr. Hamdan has more than 20 years experience as a CFO with private companies in real estate, energy, and industrial services sectors. Over the last 10 years, he worked as CFO and an investor for two companies backed by SCF Partners, a Houston-based private equity firm. During this period, Mr. Hamdan was involved in the acquisition and management of over 35 companies that were integrated into two separate energy services platforms each with annual revenues of approximately $400 million and EBITDA margins over 20%.
Fulcrum Capital Partners manages over C$750 million of capital and invests both equity and subordinated debt in companies with revenues of C$10 million to C$250 million. Sectors of interest include services, manufacturing, consumer products, distribution, food and retail. The firm was formed in 2011 as the successor to HSBC Capital (Canada) Inc. when current management acquired the private equity and mezzanine business of HSBC Bank Canada. Fulcrum has offices in Vancouver, Toronto and Edmonton (www.fulcrumcapital.ca).
© 2016 PEPD • Private Equity’s Leading News Magazine • 1-19-16