What We Look For
HBM is for companies seeking the last owner with a long-term perspective in mind. We provide the operational capital, support and autonomy for sustainable growth.
-
Target Financial Profile
- EBITDA between $20-50 million
- EBITDA margins > 15%, or a clear path to it
- Broader criteria for add-on acquisitions: all current portfolio companies are acquisitive
-
Operating Characteristics
- Leading position in a market size > $500 million
- Limited customer concentration
- Sustainable growth potential
- Strong management teams
- Differentiated market position with competitively advantaged engineering content
-
Middle-Market Focus
When evaluating new platform opportunities, we target specialty manufacturers with a focus on the following:
- Aerospace & Defense
- Environmental
- Medical Device & Instruments
- Packaging
- Mining & Mineral
- Other Industrial spaces with strong underlying growth rates and differentiated market positions