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  6. HCI Equity Partners Acquires Naumann Hobbs Material Handling

M&A Deal Summary

HCI Equity Partners Acquires Naumann Hobbs Material Handling

On November 1, 2006, private equity firm HCI Equity Partners acquired business services company Naumann Hobbs Material Handling

Acquisition Highlights
  • This is HCI Equity Partners’ 3rd transaction in the Business Services sector.
  • This is HCI Equity Partners’ 9th transaction in the United States.
  • This is HCI Equity Partners’ 2nd transaction in Arizona.
Investment Fate
  • Naumann Hobbs Material Handling was recapitalized in 2012.
  • Naumann Hobbs Material Handling was recapitalized in 2012.
  • Naumann Hobbs Material Handling was sold to a consortium of financial buyers in 2019.

M&A Deal Summary
Date 2006-11-01
Target Naumann Hobbs Material Handling
Sector Business Services
Buyer(s) HCI Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Naumann Hobbs Material Handling

Phoenix, Arizona, United States
Naumann Hobbs Material Handling is a full-service material handling dealership that leases, sells, and services a variety of electric and internal combustion forklifts and other commercial products. Naumann Hobbs operates along five lines of business that work together to provide the most attractive value proposition in this sector in the southwestern United States. Naumann Hobbs Material Handling was founded in 1949 and is based in Phoenix, Arizona.

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Buyer(S) 1

Buyer

HCI Equity Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

HCI Equity Partners is a private equity group that targets lower middle-market industrial product and service companies throughout North America. HCI is a 'hands on' investor, looking to assist portfolio companies with growth strategies and improving profitability. The Firm seeks opportunities with $20 to $200 million in revenues and strong management in place. Specific areas of interest include aerospace/defense, automotive and commercial vehicle suppliers, industrial distribution, infrastructure, power generation, test/measurement equipment, and transportation. HCI Equity Partners (fka Thayer | Hidden Creek Partners) is based in Washington DC.

DEAL STATS #
Overall 10 of 47
Sector: Business Services M&A 3 of 7
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 25
State: Arizona M&A 2 of 3
Country: United States M&A 9 of 45
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 Associated Asphalt

Roanoke, Virginia, United States

Associated Asphalt is a independent liquid asphalt resellers in the United States. Associated Asphalt owns and operates ten terminal and storage facilities throughout the Southeast and Mid-Atlantic. The company sells liquid asphalt primarily to paving contractors for road and highway construction and maintenance. Associated Asphalt was founded in 1948 and is based in Roanoke, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 Power & Composite Technologies

Amsterdam, New York, United States

Power & Composite Technologies designs, manufactures, and sells highly-engineered composite components for use in utility-scale electrical generators as well as custom composite structures for use in medical, technology aerospace and defense applications. Power & Composite Technologies was founded in 1994 and is based in Amsterdam, New York.

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