Harbert Mezzanine Capital Mergers and Acquisitions Summary

Mezzanine Finance Firm Profile

In the last 3 years, Harbert Mezzanine Capital has acquired 3 companies. It has also invested in 1 other.

Harbert Mezzanine Capital’s most common sectors for investment areinformation technology (25%) and healthcare services (15%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (40%) and recapitalization (25%). In total, Harbert Mezzanine Capital has invested in 16 US states.

In the last 3 years, Harbert Mezzanine Capital has exited 7 companies. The Firm’s most common exit type is secondary buyout (42%). Harbert Mezzanine Capital’s largest (disclosed) exit occurred in 2021 when it sold Doctor’s Choice Home Care for $120M.

Join Mergr to view Harbert Mezzanine Capital’s full profile and discover more middle-market mezzanine finance firm investors just like it.

M&A Summary

  • M&A Total Activity40
    • M&A Buy Activity28
    • M&A Sell Activity12
  • Total Sectors Invested 15
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 29

Harbert Mezzanine Capital

2100 Third Avenue North Suite 600,
Birmingham, Alabama 35203
United States
(205) 987-5500
www.harbert.net/investment-strategies/private-capital/mezzanine-capital

Harbert Mezzanine Capital is the junior capital investment arm of asset manager Harbert Management Corporation. Harbert Mezzanine looks to invest $3 to $15 million of subordinated debt to support growth needs, acquisitions, recapitalizations, or management buyouts of mid-sized companies throughout the US. Harbert Mezzanine Capital is based in Nashville, Tennessee.


Investment Criteria

Sectors of Interest: Business Services, Healthcare Services, Information Services, Information Technology, Internet Software and Services, Leisure, Life Science, Medical Products, Software, Staffing

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

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

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 3 15
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 24 - 3 1 - - 28
Sell (1.8/yr) # 3 2 1 2 3 1 12
vol $120M $120M
  40

Most Recent M&A

Company Date Value Type
Biologos LLC 2024-03-19 - Secondary Sale
Montgomery, Illinois · www.biologos.com
InProduction 2023-09-07 - Secondary Sale
Warrenville, Illinois · www.inproduction.net
Modus LLC 2023-04-04 - Trade Sale
Washington, District of Columbia · www.discovermodus.com
Innovative Hearth Products 2023-01-26 - Secondary Sale
Nashville, Tennessee · www.ihp.us.com
Power Services Group, Inc. 2022-07-11 - Secondary Sale
Cape Coral, Florida · www.powerservicesgroup.com
Common Cents Systems, Inc. 2022-05-10 - Secondary Buyout
Brentwood, Tennessee · www.apollolims.com
Urgent Care Group 2022-03-15 - Trade Sale
Brentwood, Tennessee · www.urgentcaregroup.com
Tulip Richardson Manufacturing 2021-12-07 - Add-on Acquisition
Milwaukee, Wisconsin · www.tulipcorp.com
Summit Hosting LLC 2021-10-20 - Recapitalization
Alpharetta, Georgia · www.summithosting.com
Sharecare, Inc. 2021-06-29 - PIPE
Atlanta, Georgia · www.sharecare.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 3 (21%) - 7 (25%) -
Healthcare Services 2 (14%) - 4 (14%) -
Automotive 2 (14%) - 2 (7%) -
Business Services 1 (7%) - 2 (7%) -
Manufacturing 2 (14%) - 2 (7%) -
Medical Products 2 (14%) - 2 (7%) -
Communications - - 1 (4%) -
Consumer Products - - 1 (4%) -
Energy Services and Equipment - - 1 (4%) -
Internet Software and Services - - 1 (4%) -
Life Science - - 1 (4%) -
Media 1 (7%) - 1 (4%) -
Packaging - - 1 (4%) -
Software 1 (7%) - 1 (4%) -
Staffing - - 1 (4%) -
Total 14 - 28 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 14 (100%) - 28 (100%) -
  Tennessee 2 (14%) - 5 (18%) -
  Georgia 1 (7%) - 3 (11%) -
  Florida 1 (7%) - 3 (11%) -
  Arizona 2 (14%) - 2 (7%) -
  Colorado 1 (7%) - 2 (7%) -
  Texas 1 (7%) - 2 (7%) -
  Illinois - - 2 (7%) -
  California 1 (7%) - 1 (4%) -
  Wisconsin 1 (7%) - 1 (4%) -
  Washington 1 (7%) - 1 (4%) -
  South Carolina 1 (7%) - 1 (4%) -
  New Jersey 1 (7%) - 1 (4%) -
  Minnesota 1 (7%) - 1 (4%) -
  District of Columbia - - 1 (4%) -
  Arkansas - - 1 (4%) -
  Indiana - - 1 (4%) -
Total 14 - 28 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 4 (29%) - 11 (39%) -
Recapitalization 5 (36%) - 7 (25%) -
Growth Capital 1 (7%) - 3 (11%) -
Secondary Buyout 2 (14%) - 3 (11%) -
Add-on Acquisition 1 (7%) - 1 (4%) -
Consolidation - - 1 (4%) -
PIPE - - 1 (4%) -
Venture 1 (7%) - 1 (4%) -
Total 14 - 28 -

Exits by Deal Type

Type Total # Value
Secondary Sale 5 (42%) -
Trade Sale 3 (25%) -
Trade Sale - Public Company 1 (8%) 120M (100%)
IPO 1 (8%) -
Recapitalization 1 (8%) -
Unknown 1 (8%) -
Total 12 $120M

Deal Values

sell # Total
$100M to $1B 1 $120M
TOTAL $120M
Largest Doctor’s Choice Home Care, Inc.
$120M (2021-04-20)

M&A Connections

Deals
Acquired from
Investor(s)
21%
6 (21%)
Exited to
Investor(s)
50%
6 (50%)
Strategic(s)
33%
4 (33%)

Investor Summary

Investor Type

Mezzanine Finance Firm

Size

Middle-Market

Specialist/Generalist

Generalist

Leadership

John Scott

Managing Director

Christopher Hammond

Director

Jack Davis

Director

Alyce Ory

Director of Administration

FAQ

What type of investor is Harbert Mezzanine Capital?

Harbert Mezzanine Capital is a mezzanine finance firm.

Where is Harbert Mezzanine Capital headquartered?

Harbert Mezzanine Capital is headquartered in Birmingham, Alabama.

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