Mezzanine Capital

Overview

Our mezzanine capital group typically provides $3 million to $15 million in subordinated debt to companies in need of capital for organic growth, acquisitions, recapitalizations or management buyouts.

We look for investment opportunities characterized by a management team with a demonstrated track record, sufficient cash flow to service debt, growth potential and a viable exit strategy.

Investment Team

John C. Harrison
Senior Managing Director

John Harrison

Mr. Harrison joined HMC in 2000 and serves as Senior Managing Director of its Mezzanine Capital Team and Vice President of the General Partner of Harbert Australian Private Equity. His responsibilities include the daily functions of the Mezzanine investing activities and chairing the Investment committee of the Australian Private Equity Fund. Previously, he worked for Finova Mezzanine Capital as Vice President and Eastern Regional Manager. He is also the former Vice President of Sirrom Capital Corporation. Mr. Harrison has experience in the commercial banking industry with a focus on lending and credit management prior to joining HMC. He received his degree in Finance from the University of Tennessee.

jharrison@harbert.net
615.301.6390

John S. Scott
Managing Director

John Scott

Mr. Scott is responsible for sourcing, executing and monitoring investments. He formerly served with Sirrom Capital Corporation as Eastern, North, West, and Midwestern Regional Manager. He is also a former Commercial Bank Officer for Ameritrust Corporation, Citizens Bank and First American National Bank. Mr. Scott is a graduate of the University of Kentucky.

jscott@harbert.net
615.301.6388

Robert A. Bourquin
Managing Director

Rob Bourquin

Rob Bourquin is responsible for sourcing, executing, and monitoring investments for Harbert Mezzanine Partners II (“HMP II”). Mr. Bourquin has over ten years of experience investing in middle market mezzanine debt transactions and was also a partner in Harbert Mezzanine Partners, the predecessor fund to HMP II. Prior to working with HMC, he held the position of Vice President with Sirrom Capital Corporation and with Finova Mezzanine Capital. He began his career with the investment bank George K. Baum in Kansas City. He received a Master of Business Administration degree from the Owen School at Vanderbilt University and a Bachelor of Arts from Dickinson College.

rbourquin@harbert.net
615.301.6389

John L. Davis
Associate

Jack Davis

Prior to joining HMC, Mr. Davis worked in the Mergers & Acquisitions – Technology, Media and Telecommunications Group at Lazard Freres & Co. in New York. He received his undergraduate degree from the University of Virginia.

jdavis@harbert.net
615.301.6392

Alyce M. Ory
Director of Administration

Alyce Ory

Prior to joining HMC, Ms. Ory worked at Finova Mezzanine Capital and in the Healthcare Investment Banking Group at SunTrust Equitable Securities. She received her undergraduate degree from Vanderbilt University.

aory@harbert.net
615.301.6398

 

Clay Steineker
Analyst

IMG_7243

Prior to joining the Harbert Mezzanine Capital team, Mr. Steineker was a Risk Analyst for HMC assisting the risk management efforts of multiple HMC strategies. He received his undergraduate degree from the University of Alabama.

csteineker@harbert.net
615.301.6245

Investment Criteria

The mezzanine capital group provides financing to private middle market companies. We seek investment opportunities where we believe the risk of principal loss is limited and the prospective equity appreciation is high. We also seek long-term returns competitive with those of venture capital and private equity transactions.

Preferred Investment Structure:

  • Size $3 million to $15 million
  • Senior subordinated debt
  • Five-year term; no amortization; interest monthly
  • 13% to 14% coupon
  • Nominally priced warrants to purchase equity
Portfolio

Harbert Mezzanine Partners III, LP

ACTIVE INVESTMENTS
CHARGE PAYMENT, LLC

Credit card transaction processing company

Nashville, TN

ECI MERGER SUB, INC.

Regional commercial staffing company

Shelby, NC

HEALTHCARE SERVICES COMPANY

Healthcare staffing for correctional facilites

Chattanooga, TN

NEXUSTEK, INC.

Provider of IT services

Centennial, CO

OLIVER STREET DERMATOLOGY HOLDINGS, LLC

Provider of clinical dermatology and pathology lab services

Tyler, TX

ON-SITE FUEL SERVICE, INC.

Provider of commercial mobile fueling

Brandon, MS

PRO TECH INDUSTRIES, LLC

Manufacturer of cab racks, toolboxes, fenders, storage boxes and other truck accessories

La Vergne, TN

PUB GROUP INVESTMENTS, LLC

British pub restaurant concept

Cincinnati, OH

SHARECARE, INC.

Interactive social media platform designed to simplify the search for high-quality healthcare information

Atlanta, GA

TGM HOLDINGS, INC.

Provider of turbine and generator maintenance

Cape Coral, FL

Harbert Mezzanine Partners II, LP

ACTIVE INVESTMENTS
AMS HOLDINGS, LLC

Provider of outsourced back office support solutions for cable operators

Chapel Hill, NC

ATLANTIC COAST MEDIA GROUP, LLC

Develops and markets consumer products

Hoboken, NJ

AVITA DRUGS, INC.

Specialty pharmacy of prescription drugs primarily to the HIV/AIDS population

Baton Rouge, LA

BACK YARD BURGERS, INC..

Operator and franchisor of quick service restaurants

Nashville, TN

CAMBRIDGE ADVISORY GROUP, INC.

Provider of employee benefit plans consulting

King of Prussia, PA

CITY GEAR, LLC

Apparel retailer

Memphis, TN

COCAT HOLDINGS, LLC

Provides property restoration, reconstruction and renovation services

Denver, CO

CONTROLLED CONTAMINATION SERVICES HOLDINGS, INC.

Provides cleanroom services

San Clemente, CA

DIVERSIFIED MACHINE SYSTEMS HOLDINGS, LLC

Manufacturer of high-end computer numerical control high precision machine tools

Colorado Springs, CO

DOCTOR’S CHOICE HOME CARE, INC.

Provider of home health services

Sarasota, FL

ECI MERGER SUB, INC.

Commercial staffing provider

Shelby, NC

ENDURACARE ACUTE CARE SERVICES, LLC

Provider of therapy program management services for hospitals, outpatient clinics and physician practices

Mobile, AL

GLOBAL CONNECTION HOLDINGS CORP.

Direct marketing company focused on selling prepaid wireline home phone service

Atlanta, GA

GREEN THUMB LAWN & GARDEN, LLC

Professional landscape equipment dealer & service center

Coral Springs, FL

HOME HEALTH HOLDINGS, INC.

Home health services provider

Denver, CO

INTERMOUNTAIN DRILLING SUPPLY CORP.

Distributer and manufacturer of industrial drilling supplies

Salt Lake City, UT

ISS HOLDINGS, INC.

Supplier of aftermarket parts and services to the vehicle and heavy duty equipment markets

Portland, OR

LANDSCAPE SERVICES HOLDINGS, LLC

Provider of infrastructure outsourcing and landscape management services

Denver, CO

MODUS EDISCOVERY, INC.

Outsourced provider of litigation support services

Charlotte, NC

MPI Acquisition, LLC

Manufacturer of locomotive air horns and supplier to the U.S. Navy nuclear submarine program

South Windham, CT

NARCOTE, LLC

Provider of coated and laminated composite fabrics

Piney Flats, TN

OPTICAL EXPERTS MANUFACTURING, INC.

Provider of CD and DVD replication services

Charlotte, NC

PLASMA SYSTEMS HOLDINGS, INC.

Provider of engineered, ruggedized solutions for the electronics manufacturing industry

San Jose, CA

PML EXPLORATION SERVICES, LLC

Provides mud logging services to the exploration and production sector of the US energy industry

Oklahoma City, OK

QUADRANT, LLC

Provider of electronic database management software

Mansfield, MA

QUEST EVENTS, LLC

Provider of event pipe and drape rental

Dallas, TX

SUNBELT CHEMICALS CORPORATION

Custom packager and distributor of branded and private label specialty chemical consumer products

Palm Coast, FL

TULIP MOLDED PLASTICS CORPORATION

Manufacturer and dristributor of injection molded plastic products for the aftermarket automotive industry

Milwaukee, WI

VOLOGY, INC.

Reseller of new and pre-owned networking and telecommunications equipment

Oldsmar, FL

EXITED INVESTMENTS
APC WORKFORCE SOLUTIONS, LLC

Staffing and payroll services provider

Orlando, FL

BANKS.COM, INC.

Provider of internet search services

San Francisco, CA

CANDESCENT HEALING, LLC

Developer and operator of comprehensive wound care and hyperbaric oxygen therapy facilities within hospitals

Woodbury, NY

CONISUS, LLC

Outsourced provider of continuing medical education services to the pharmaceutical industry

Atlanta, GA

CONNECTURE, INC.

Provider of process automation software to the health insurance industry

Waukesha, WI

DELTA COMPUTEC, INC.

Provider of IT support professionals and managed services

Teterboro, NJ

ENZYMEDICA, INC.

Provider of enzyme products

Port Charlotte, FL

HIGHWINDS CAPITAL, INC.

Usenet software provider

Orlando, FL

HMA, INC.

Provider of third party administration, claims management, disease management & provider network management services

Phoenix, AZ

HOLDAWAY MEDICAL HOLDINGS, INC.

Provider of respiratory therapy, HME and specialty pharmacy products and services

Louisville, KY

KEYSTONE PRINTED SPECIALTIES, LLC

Specialty printer

Scranton, PA

LEJ FINANCIAL SERVICES, LLC

Provider of vehicle title loans

Chattanooga, TN

MISSION CRITICAL ELECTRONICS, INC.

Manufacturer and distributor of electronic components to the marine and communications industries

Santa Ana, CA

NRI CONSTRUCTION, INC.

Provider of apartment renovation and restoration services

Atlanta, GA

OCI HOLDINGS, LLC

Provider of home health services to geriatric and pediatric patients

Dallas, TX

REDVECTOR.COM, INC.

Provider of online continuing education for design, construction and healthcare professionals

Tampa, FL

STAR PACKAGING CORP.

Manufacturer of flexible packaging products

Tampa, FL

TERMINAL TRUCKING COMPANY, LLC

Regional, short-haul provider of same day or next day pick-up and delivery services

Concord, NC

TMR HOLDINGS, LLC

Distributor of automotive aftermarket replacement parts

Sarasota, FL

TURNING TECHNOLOGIES, LLC

Provider of interactive group response systems

Youngstown, OH

Harbinger Mezzanine Partners, LP

ACTIVE INVESTMENTS
ATLANTIC COAST MEDIA GROUP, LLC

Develops and markets consumer products

Hoboken, NJ

CAREGIVER SERVICES, INC.

Provides assisted daily living and home health services

Franklin, TN

D&S RESIDENTIAL HOLDINGS, INC.

Operates group homes for the mentally retarded

Austin, TX

G.A.H.H., LLC

Manufactures OEM quality replacement convertible tops and interiors for the luxury car restoration market

North Hollywood, CA

OPTICAL EXPERTS MANUFACTURING, INC.

Provider of CD and DVD replication services

Charlotte, NC

WYNDHAM JADE, LLC

Provides management and planning services for conventions, incentive plans and travel

Plano, TX

EXITED INVESTMENTS
ADVANCED DIAGNOSTIC HOLDINGS, LLC

Provider of medical diagnostic testing

Tampa, FL

APC WORKFORCE SOLUTIONS, LLC

Staffing and payroll services provider

Orlando, FL

CAMBRIDGE HOME HEALTH CARE HOLDINGS, INC.

Provider of home health services

Akron, OH

CANTERBURY ENGINEERING CO., INC.

Engineered parts supplier

Atlanta, GA

CARSTAR, INC.

Network of franchised and company-owned collision repair facilities

Kansas City, KS

CASHLAND, INC.

Payday advance, check cashing and related products

Dayton, OH

CENTURY II STAFFING, INC.

Professional employer organization

Nashville, TN

COYNE INTERNATIONAL ENTERPRISES CORP.

Textile rental

Syracuse, NY

DELTA COMPUTEC, INC.

Provider of it support professionals and managed services

Teterboro, NJ

DIGNEY YORK ASSOCIATES, INC.

Sub-contractor for the hospitality rehab industry

Vienna, VA

EF ACQUISITION COMPANY, INC.

Forge master of seamless rolled rings

York, SC

EFT SOURCE, INC.

Provider of debit/credit card fulfillment services

Nashville, TN

FIVE STAR FOOD SERVICE, INC.

Provider of vending and food services

Dalton, GA

HIGHWINDS CAPITAL, INC.

Usenet software provider

Orlando, FL

HOME HEALTHCARE PARTNERS, LLC

Home healthcare provider

Dallas, TX

HOSTING.COM, INC.

Web hosting services provider

Louisville, KY

IPAYMENT TECHNOLOGIES, INC.

Credit card processor specializing in internet and other non face-to-face transactions.

Nashville, TN

ISO POLY FILMS, INC.

Manufacturer and seller of packaging film

Gray Court, SC

KEYSTONE PRINTED SPECIALTIES, LLC

Specialty printer

Scranton, PA

MAC EQUIPMENT, INC.

Manufacturer of pneumatic conveying equipment

Kansas City, KS

MRCG HOLDINGS, LLC

Provider of market research services

Las Vegas, NV

NATIONWIDE VISION CENTER, P.C.

Optical retailer

Chandler, AZ

OPTION 1 NUTRITION HOLDINGS, LLC

Provider of enteral nutrition services

Chandler, AZ

PIEDMONT HARDWOOD FLOORING, LLC

Manufacturer of hardwood flooring products

Macon, GA

PRIME OFFICE PRODUCTS, INC.

Distributor of office products

Nashville, TN

PROTECT AMERICA, INC.

Residential security system sales, installation and monitoring company

Round Rock, TX

PROVIDENCE SERVICE CORP.

Provide home and community based counseling and social services

Tucson, AZ

PSL HOLDINGS, INC.

Manufacturer of post tension products used in bridge & building construction

Dallas, TX

PULL-A-PART, LLC

Operator of used auto part retail stores

Atlanta, GA

READY STAFFING NETWORK, LLC

Regional provider of skilled and semi-skilled staffing services primarily to the light industrial and construction markets

Louisville, KY

RESTAURANT TECHNOLOGIES, INC.

Provider of bulk cooking oil services

Eagan, MN

SPARTAN FOODS OF AMERICA, INC.

Manufacturer and seller of food products

Spartanburg, SC

TA ACQUISITION GROUP, LP

Miner, processor and seller of sand and gravel

Austin, TX

TAX REFUND EXPRESS, INC.

Facilitate electronic filing of tax returns

Houston, TX

TEAMM PHARMACEUTICALS, INC.

Promote and distribute under-promoted prescription products

Morrisville, NC

THE ALAN WHITE COMPANY, INC.

Manufacturer of upholstered furniture

Memphis, TN

U.S. LEGAL SUPPORT, INC.

Provider of litigation support services

Houston, TX

UNITED ASSET COVERAGE, INC.

Offers businesses an alternative maintenance coverage plan for a wide range of technology, including telephone, copiers and other office equipment

Naperville, IL

Contact
HARBERT MEZZANINE PARTNERS

618 Church Street, Suite 500
Nashville, Tennessee 37219

Contact:
Jennifer Schanhals
jschanhals@harbert.net
615-301-6400