Hammond Kennedy Whitney & Company Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Hammond Kennedy Whitney & Company has acquired 4 companies.

Hammond Kennedy Whitney & Company’s most common sectors for investment arebusiness services (16%) and technology hardware (10%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (50%) and recapitalization (35%). In total, Hammond Kennedy Whitney & Company has invested in 19 US states and 2 different countries.

In the last 3 years, Hammond Kennedy Whitney & Company has exited 5 companies. The Firm’s most common exit type is trade sale (52%). Hammond Kennedy Whitney & Company’s largest (disclosed) exit occurred in 2021 when it sold Xirgo Technologies for $400M.

Join Mergr to view Hammond Kennedy Whitney & Company’s full profile and discover more middle-market private equity firm investors just like it.

M&A Summary

  • M&A Total Activity89
    • M&A Buy Activity52
    • M&A Sell Activity37
  • Total Sectors Invested 20
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 27
  • M&A Advisors 8

Hammond, Kennedy, Whitney & Company, Inc.

8888 Keystone Crossing, Suite 600,
Indianapolis, Indiana 46240
United States
(317) 574-6900
www.hkwinc.com
info@hkwinc.com

Hammond Kennedy Whitney & Company (HKW) is a private equity firm focused on making control investments in mid-sized, 'market leading' companies generating sales of $20 to $200 million. HKW looks for companies with low risk for technological obsolescence, defined growth strategies, and talented management who want to own equity. Target transaction situations include industry consolidations, corporate divestitures, generational changes in ownership, growth equity, management buy-outs and recapitalizations. HKW prefers North American based opportunities. HKW dates back to 1903, however the Firm transitioned from sole to institutional investors in 2001. The Firm has offices in Indianapolis and New York City.


Investment Criteria

Sectors of Interest: Aerospace, Automotive, Business Services, Consumer Products, Distribution, Energy Services and Equipment, Engineering, Healthcare Services, Machinery, Manufacturing, Marketing, Medical Products, Packaging, Plastics, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Growth Capital, Recapitalization

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue 20 200
Target EBITDA 5 30
Investment Size - -
Enterprise Value 20 150
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 47 1 1 2 1 - 52
Sell (1.0/yr) # 32 - 3 2 - - 37
vol $290M $400M $690M
  89

Most Recent M&A

Company Date Value Type
CMIT Solutions LLC 2023-01-09 - Secondary Buyout
Austin, Texas · www.cmitsolutions.com
dominKnow, Inc. 2022-12-22 - Recapitalization
Ottawa, Ontario · www.dominknow.com
Certified Tracking Solutions 2022-10-11 - Trade Sale
Edmonton, Alberta · www.titangps.ca
Royal Camp Services Ltd. 2022-04-01 - Secondary Sale
Edmonton, Alberta · www.royalcamp.com
Technical Toolboxes Powertools, Inc. 2022-01-06 - Buyout (LBO, MBO, MBI)
Houston, Texas · www.technicaltoolboxes.com
Protect Plus Air Holdings LLC 2021-09-22 - Trade Sale
Hickory, North Carolina · www.protectplus.com
Fresh Direct Produce Ltd. 2021-08-11 - Secondary Sale
Vancouver, British Columbia · www.freshdirectproduce.com
CIS Secure Computing, Inc. 2021-04-20 - Secondary Buyout
Ashburn, Virginia · www.cissecure.com
Xirgo Technologies LLC 2021-02-12 400M USD Trade Sale
Camarillo, California · www.xirgotech.com
Infab Corp. 2020-04-08 - Buyout (LBO, MBO, MBI)
Camarillo, California · www.infabcorp.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Civix 2017-12-21 Civix’s Critical Infrastructure 2023-08-30 1
Metairie, Louisiana · www.gocivix.com Metairie, Louisiana
CIS Secure Computing, Inc. 2021-04-20 Intrepid Solutions and Services, Inc. 2022-08-03 1
Ashburn, Virginia · www.cissecure.com Herndon, Virginia · www.intrepidsolutions.com
Infab Corp. 2020-04-08 International Biomedical - Glove Division 2022-04-20 2
Camarillo, California · www.infabcorp.com Austin, Texas

M&A by Sector

Sector Current # Value All-time # Value
Business Services 3 (21%) - 8 (15%) -
Consumer Products 2 (14%) - 5 (10%) -
Technology Hardware 1 (7%) - 5 (10%) -
Distribution 1 (7%) - 4 (8%) -
Medical Products 1 (7%) - 4 (8%) -
Aerospace - - 3 (6%) -
Machinery - - 3 (6%) -
Manufacturing - - 3 (6%) -
Software 2 (14%) - 3 (6%) -
Energy Services and Equipment - - 2 (4%) -
Information Technology 1 (7%) - 2 (4%) -
Internet Software and Services 2 (14%) - 2 (4%) -
Automotive - - 1 (2%) -
Environmental - - 1 (2%) -
Food 1 (7%) - 1 (2%) -
Marketing - - 1 (2%) -
Plastics - - 1 (2%) -
Retail - - 1 (2%) -
Test/Measurement Equipment - - 1 (2%) -
Transportation - - 1 (2%) -
Total 14 - 52 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 11 (79%) - 42 (81%) -
  California 3 (21%) - 8 (15%) -
  Texas 3 (21%) - 6 (12%) -
  Indiana - - 6 (12%) -
  Missouri 1 (7%) - 3 (6%) -
  Florida 1 (7%) - 2 (4%) -
  New Jersey 1 (7%) - 2 (4%) -
  North Carolina - - 2 (4%) -
  Michigan - - 2 (4%) -
  Virginia 1 (7%) - 1 (2%) -
  Louisiana 1 (7%) - 1 (2%) -
  Illinois - - 1 (2%) -
  Colorado - - 1 (2%) -
  Arizona - - 1 (2%) -
  Wisconsin - - 1 (2%) -
  Tennessee - - 1 (2%) -
  Pennsylvania - - 1 (2%) -
  Oregon - - 1 (2%) -
  Nevada - - 1 (2%) -
  Maine - - 1 (2%) -
Canada 3 (21%) - 10 (19%) -
  Ontario 2 (14%) - 4 (8%) -
  Alberta - - 3 (6%) -
  British Columbia - - 2 (4%) -
  Quebec 1 (7%) - 1 (2%) -
Domestic 11 (79%) - 42 (81%) -
Cross-border 3 (21%) - 10 (19%) -
Total 14 - 52 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 6 (43%) - 26 (50%) -
Recapitalization 4 (29%) - 18 (35%) -
Secondary Buyout 4 (29%) - 6 (12%) -
Add-on Acquisition - - 1 (2%) -
Divestiture - - 1 (2%) -
Total 14 - 52 -

Exits by Deal Type

Type Total # Value
Secondary Sale 18 (49%) -
Trade Sale 13 (35%) 290M (42%)
Trade Sale - Public Company 6 (16%) 400M (58%)
Total 37 $690M

Top M&A Advisors

Financial Deals
Lincoln International
 3
Cowen Group, Inc.
 1
Truist Securities
 1
Legal Deals
Taft Stettinius & Hollister
 10
Sutton, Pakfar & Courtney
 1

Deal Values

sell # Total
$100M to $1B 3 $672M
< $100M 1 $18M
TOTAL $690M
Largest Xirgo Technologies LLC
$400M (2021-02-12)

M&A Connections

Deals
Acquired from
Investor(s)
15%
8 (15%)
Strategic(s)
2%
1 (2%)
Exited to
Investor(s)
49%
18 (49%)
Strategic(s)
51%
19 (51%)

Investor Summary

Investor Type

Private Equity Firm

Size

Middle-Market

Established

2001

Specialist/Generalist

Generalist

Leadership

Ted Kramer

President & CEO

Daniel Kim

Partner

Kent Robinson

Partner

John Carsello

Partner

Luke Phenicie

Partner

FAQ

When was Hammond, Kennedy, Whitney & Company, Inc. founded?

Hammond, Kennedy, Whitney & Company, Inc. was founded in 2001.

What type of investor is Hammond, Kennedy, Whitney & Company, Inc.?

Hammond, Kennedy, Whitney & Company, Inc. is a private equity firm.

Where is Hammond, Kennedy, Whitney & Company, Inc. headquartered?

Hammond, Kennedy, Whitney & Company, Inc. is headquartered in Indianapolis, Indiana.

 Subscribe to unlock this and 201,199
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.5K Private Equity Firms
  • 192K M&A Transactions
  • 197K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 75K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Mergr

Product

Company

Legal