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

Tyler L. Augusty
Associate

Tyler Augusty

Prior to joining HMC, Mr. Augusty worked in the Investment Banking Group at Morgan Keegan & Company. He received his undergraduate degree from the University of Georgia.

taugusty@harbert.net
615.301.6395

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

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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
ON-SITE FUEL SERVICE, INC.

Provider of commercial mobile fueling

Brandon, MS

OLIVER STREET DERMATOLOGY HOLDINGS, LLC

Provider of clinical dermatology and pathology lab services

Tyler, TX

ECI MERGER SUB, INC.

Regional commercial staffing company

Shelby, NC

SHARECARE, INC.

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

Atlanta, GA

CHARGE PAYMENT, LLC

Credit card transaction processing company

Nashville, TN

PRO TECH INDUSTRIES, INC.

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

Nashville, TN

PUB GROUP INVESTMENTS, LLC

British pub restaurant concept

Cincinnati, OH

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, New Jersey

AVITA DRUGS, INC.

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

Baton Rouge, Louisiana

BACK YARD BURGERS, INC..

Operator and franchisor of quick service restaurants

Memphis, Tennessee

CAMBRIDGE ADVISORY GROUP, INC.

Provider of employee benefit plans consulting

Prussia, PA

CANDESCENT HEALING, LLC

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

Woodbury, New York

CITY GEAR, LLC

Apparel retailer

Memphis, TN

COCAT HOLDINGS, LLC

Provides property restoration, reconstruction and renovation services

Denver, Colorado

CONTROLLED CONTAMINATION SERVICES HOLDINGS, INC.

Provides cleanroom services

San Clemente, California

DOCTOR’S CHOICE HOME CARE, INC.

Provider of home health services

Sarasota, FL

DIVERSIFIED MACHINE SYSTEMS HOLDINGS, LLC

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

Colorado Springs, CO

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, Alabama

ENZYMEDICA, INC.

Provider of enzyme products

Port Charlotte, Florida

GLOBAL CONNECTION HOLDINGS CORP.

Direct marketing company focused on selling prepaid wireline home phone service

Atlanta, Georgia

GREEN THUMB LAWN & GARDEN, LLC

Professional landscape equipment dealer & service center

Coral Springs, Florida

HIGHWINDS CAPITAL, INC.

Usenet software provider

Orlando, Florida

HOME HEALTH HOLDINGS, INC.

Home health services provider

Denver, Colorado

INTERMOUNTAIN DRILLING SUPPLY CORP.

Distributer and manufacturer of industrial drilling supplies

Salt Lake City, Utah

ISS HOLDINGS, INC.

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

Portland, Oregon

LANDSCAPE SERVICES HOLDINGS, LLC

Provider of infrastructure outsourcing and landscape management services

Denver, Colorado

MICRO PRECISION, LLC

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

South Windham, CT

MODUS EDISCOVERY, INC.

Outsourced provider of litigation support services

Charlotte, North Carolina

NARCOTE, LLC

Provider of coated and laminated composite fabrics

Piney Flats, Tennessee

OPTICAL EXPERTS MANUFACTURING, INC.

Provider of CD and DVD replication services

Charlotte, North Carolina

PLASMA SYSTEMS HOLDINGS, INC.

Provider of engineered, ruggedized solutions for the electronics manufacturing industry

San Jose, California

PML EXPLORATION SERVICES, LLC

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

Oklahoma City, Oklahoma

QUADRANT, LLC

Provider of electronic database management software

Asheville, NC

QUEST EVENTS, LLC

Provider of event pipe and drape rental

Dallas, TX

STAR PACKAGING, INC. D/B/A MASTER PACKAGING, INC.

Manufacturer of flexible packaging products

Tampa, Florida

SUNBELT CHEMICALS CORPORATION

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

Palm Coast, Florida

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, Florida

Harbinger Mezzanine Partners, LP

ACTIVE INVESTMENTS
ATLANTIC COAST MEDIA GROUP, LLC

Develops and markets consumer products

Hoboken, New Jersey

CAREGIVER SERVICES, INC.

Provides assisted daily living and home health services

Franklin, Tennessee

D&S RESIDENTIAL HOLDINGS, INC.

Operates group homes for the mentally retarded

Austin, Texas

G.A.H.H., LLC

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

North Hollywood, California

HIGHWINDS CAPITAL, INC.

Usenet software provider

Orlando, Florida

OPTICAL EXPERTS MANUFACTURING, INC.

Provider of CD and DVD replication services

Charlotte, North Carolina

WYNDHAM JADE, LLC

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

Plano, Texas

Contact
HARBERT MEZZANINE PARTNERS

618 Church Street, Suite 500
Nashville, Tennessee 37219

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