HKW has added two new partners to its team with the hirings of Laurence Lederer and Devraj Roy. Messrs. Lederer and Roy will be based in HKW’s New York City office.
HKW (formerly Hammond, Kennedy, Whitney & Company) invests in companies in the business services and health and wellness sectors that have EBITDA between $5 million and $30 million. The firm also invests in buyouts and structured minority equity investments in middle market software and technology companies that have from $5 million to $75 million of recurring revenue.
Mr. Lederer joins HKW with more than two decades of investment experience, including raising capital, acquiring, and managing companies with a specific focus on the industrial and business services sectors. Most recently, he was a managing partner at Branford Castle Partners and has spent his career focusing on middle-market companies with EBITDA from $3 million to $30 million.
Mr. Roy joins HKW with 25 years of investment experience, having most recently served as a partner at Radial Equity Partners, an industrial-focused private equity firm that spun out of Irving Place Capital in 2019. Mr. Roy’s experience includes sourcing and executing investments and he will continue to identify and execute investments for HKW.
“We look forward to working closely alongside two strong business builders as we concentrate our investments on what has led HKW to success over its history,” said Ted Kramer, the CEO of HKW. “Both Laurence and Devraj help articulate our go-forward vision for HKW, bolster our firm’s footprint, and enhance our ability to work closely alongside exciting companies and management teams.”
“Adding these experienced investment professionals to our team will help reinforce our central thesis of focusing where we can best serve the founders and companies with whom we partner,” added Michael Foisy, the president of HKW. “We are confident that our legacy will continue with the support of our team members and portfolio companies.”
HKW was founded in 1903 by Paul Hammond and is headquartered in Indianapolis with an additional office in New York City. Since 1982, HKW has sponsored 69 platform transactions of middle-market companies throughout North America and 77 add-on acquisitions. In October 2019, the firm announced a final above-target close of HKW Capital Partners V LP with total commitments of $365 million.
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