The St. Louis Business Journal named HBM Holdings No. 37 of the top 150 revenue generating companies in St. Louis in their 2017 report. Combined revenue rose from $109.3 billion in 2015 to $114.99 billion in 2016 – a 5.21% increase. HBM’s 2016 revenue was $550 million, driven by growth in several of their portfolio companies.
After modifying their investment criteria slightly in 2016, Mike DeCola, HBM’s CEO, said that they looked at 426 potential deals that year and submitted offers on 15 of them. This was a 90% increase over 2015 deal flow- an impressive feat for a company that has only been in operation for three years. Despite their efforts, the competitiveness of the market kept them from winning any mandates. DeCola added, “The market is competitive right now and we just haven’t been able to get over the finish line.”
You can read the St. Louis’ Business Journal’s full article here.