Credit Solutions

Overview

The Credit Solutions (f/k/a Mezzanine Lending) 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 Harbert Management Corporation in 2000 and serves as Senior Managing Director of its Mezzanine Capital Team. His responsibilities include the daily functions of the Mezzanine investing activities and chairing the Investment committee.  He also sits on the Investment Committee of the Harbert European Growth fund and is a member of the board of directors for Harbert Management Corp.  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.

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.


615.301.6388LinkedIn

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 17 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 finance 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.


615.301.6389

Christopher C. Hammond
Director

Mr. Hammond is responsible for sourcing, executing, and monitoring investments.  Prior to HMC, he served as President of Physicians Capital.  Mr. Hammond has over 15 years of experience investing in middle market transactions while at Gen Cap America, Calvert Street Capital Partners and Heller Financial/GE Capital.  He started his career at Ernst & Young. He received an MBA from the Kellogg School of Management at Northwestern University and his undergraduate degree from The University of Notre Dame.


615.301.6396LinkedIn

Jack Davis
Director

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.


615.604.2044LinkedIn

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.


615.301.6398LinkedIn

Clay A. Steineker, CFA
Associate

Prior to joining the Harbert Credit Solutions team, Mr. Steineker was a Risk Analyst for HMC assisting the risk management efforts of multiple HMC strategies. Mr. Steineker is a CFA charter holder and received his undergraduate degree from the University of Alabama.


205.987.5657LinkedIn

Tim A. Henry
Associate

Prior to joining HMC, Mr. Henry  worked for Health Warrior, a fast growing private-equity-backed natural food company, in a variety of roles including finance, operations, and business analytics.  Previously, he worked in the Healthcare and Life Sciences Group at Harris Williams & Co., a middle-market investment bank focused on sell-side M&A advisory.  He received his undergraduate degree from Vanderbilt University.


615.301.6395LinkedIn

Tyler W. Crace
Associate

Prior to joining HMC, Mr. Crace worked in the Mergers & Acquisitions Group at SunTrust Robinson Humphrey in Atlanta. He received his undergraduate degree from the University of Georgia.


615.301.6245LinkedIn
Investment Criteria

The Credit Solutions (f/k/a Mezzanine Lending) 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

BIOLOGOS ACQUISITION, LLC
Provider of sterile-filtered animal sera and other liquid solutionsMontgomery, IL
www.biologos.com
CAREFINDERS TOTAL CARE, LLC
Provider of home health servicesHackensack, NJ
www.carefinders.org
CLARKE GROUP HOLDINGS, LLC
Designs, installs, operates and maintains mass production, packagings and labeling systems of highly regulated products for blue chip manufacturersFishers, IN
www.clarkeengineering.com
COMMON CENTS SYSTEMS, INC.
Provider of proprietary Laboratory Information Management Systems software to the laboratory marketplace to assist operators with laboratory automation and quality assuranceNashville, TN
www.commoncentssystems.com
D&H UNITED FUELING SOLUTIONS, INC.
Provider of petroleum fuel equipment services to blue-chip companiesSan Antonio, TX
www.dh-united.com
DAVEY COACH HOLDINGS, INC.
Dealer and lessor of new and used mid-sized buses, vans and coaches in the Rocky Mountain regionSedalia, CO
www.daveycoach.com
ECI MERGER SUB, INC.
Regional commercial staffing companyShelby, NC
www.talentforce.com
HEALTHCARE SERVICES COMPANY
Healthcare staffing for correctional facilitiesChattanooga, TN
i3 Verticals, LLC
Credit card transaction processing companyNashville, TN
www.chargepayment.net
INPRODUCTION, INC.
Provider of staging and seating rental equipment and engineering design services for special eventsLansing, MI
www.inproduction.net
NEXUSTEK, INC.
Provider of IT servicesCentennial, CO
www.nexustek.com
OMICRON TECHNOLOGIES, INC.
Provider of software and hosting services that allows its customers to access Usenet, a global decentralized network of computer systems and servers created for the sharing of files and facilitation of discussion.Winter Park, FL
www.omicrontech.net
ON-SITE FUEL SERVICE, INC.
Provider of commercial mobile fuelingBrandon, MS
www.onsitefuelservice.com
POWER SERVICES GROUP, INC.
Provider of turbine and generator maintenanceCape Coral, FL
www.powerservicesgroup.com
PRO TECH INDUSTRIES, LLC
Manufacturer of cab racks, toolboxes, fenders, storage boxes and other truck accessoriesLa Vergne, TN
www.protech.net
PUB GROUP INVESTMENTS, LLC
British pub restaurant conceptCincinnati, OH
www.experiencethepub.com
SHARECARE, INC.
Interactive social media platform designed to simplify the search for high-quality healthcare informationAtlanta, GA
www.sharecare.com
SPINE HOLDINGS, LLC
Medical practice exclusively specializing in full service spine and pain treatmentMount Pleasant, SC
www.southeasternspine.com
SUMMIT HOSTING, LLC
Provider of managed hosting solutions that meet client information and business management needs.Alpharetta, GA
www.summithosting.com
THE HARDENBERGH GROUP, INC.
Consulting and temporary staffing agency specializing in medical staff servicesNorthville, MI
www.hisgstaffing.com
VENTURE TECHNOLOGIES, INC.
Provider of a diversified set of IT solutions including product procurement and sales, cloud and hosted solutions, and professional servicesRidgeland, MS
www.ventech.com
VERTRUAEN CHEMIE SOLUTIONS, INC.
Provider of chemical contract packaging services including compounding, blending, and packaging services for large, global chemical companiesMemphis, TN
www.vertrauen-us.com

EXITED INVESTMENTS

OLIVER STREET DERMATOLOGY HOLDINGS, LLC
Provider of clinical dermatology and pathology lab servicesTyler, TX
www.usdermatologypartners.com

Harbert Mezzanine Partners II, LP

ACTIVE INVESTMENTS

AMS HOLDINGS, LLC
Provider of outsourced back office support solutions for cable operatorsChapel Hill, NC
www.americansupport.com
CAMBRIDGE ADVISORY GROUP, INC.
Provider of employee benefit plans consultingKing of Prussia, PA
www.cambridgehomehealth.com
CDA, INC.
Provider of CD and DVD replication servicesCharlotte, NC
www.oemdisc.com
CITY GEAR, LLC
Apparel retailerMemphis, TN
www.citygear.com
CONTROLLED CONTAMINATION SERVICES HOLDINGS, INC.
Provides cleanroom servicesSan Clemente, CA
www.cleanroomcleaning.com
DIVERSIFIED MACHINE SYSTEMS HOLDINGS, LLC
Manufacturer of high-end computer numerical control high precision machine toolsColorado Springs, CO
dmscncrouters.com
DOCTOR’S CHOICE HOME CARE, INC.
Provider of home health servicesSarasota, FL
www.doctorschoicefl.com
ECI MERGER SUB, INC.
Commercial staffing providerShelby, NC
www.talentforce.com
ENDURACARE ACUTE CARE SERVICES, LLC
Provider of therapy program management services for hospitals, outpatient clinics and physician practicesNashville, TN
www.enduracare.com
GLOBAL CONNECTION HOLDINGS CORP.
Direct marketing company focused on selling prepaid wireline home phone serviceAtlanta, GA
www.connectwithglobal.com
GREEN THUMB LAWN & GARDEN, LLC
Professional landscape equipment dealer & service centerCoral Springs, FL
www.greenthumbgrowers.com
HOME HEALTH HOLDINGS, INC.
Home health services providerDenver, CO
www.aspirehomecare.com
INTERMOUNTAIN DRILLING SUPPLY CORP.
Distributer and manufacturer of industrial drilling suppliesSalt Lake City, UT
www.intermountaindrillingsupply.com
ISS HOLDINGS, INC.
Supplier of aftermarket parts and services to the vehicle and heavy duty equipment marketsPortland, OR
www.instrumentsales.com
MODUS EDISCOVERY, INC.
Outsourced provider of litigation support servicesCharlotte, NC
www.discovermodus.com
MPI Acquisition, LLC
Manufacturer of locomotive air horns and supplier to the U.S. Navy nuclear submarine programSouth Windham, CT
www.microprecisiongroup.comnathan-airchimehistory
PLASMA SYSTEMS HOLDINGS, INC.
Provider of engineered, ruggedized solutions for the electronics manufacturing industrySan Jose, CA
www.plasmasysteminc.com
TULIP MOLDED PLASTICS CORPORATION
Manufacturer and dristributor of injection molded plastic products for the aftermarket automotive industryMilwaukee, WI
www.tulipcorp.com
VOLOGY, INC.
Reseller of new and pre-owned networking and telecommunications equipmentOldsmar, FL
www.vds.com

EXITED INVESTMENTS

APC WORKFORCE SOLUTIONS, LLC
Staffing and payroll services providerOrlando, FL
www.zerochaos.com
ATLANTIC COAST MEDIA GROUP, LLC
Develops and markets consumer productsHoboken, NJ
www.atlanticcoastbrands.com
AVITA DRUGS, INC.
Specialty pharmacy of prescription drugs primarily to the HIV/AIDS populationBaton Rouge, LA
www.avitapharmacy.com
BACK YARD BURGERS, INC.
Operator and franchisor of quick service restaurantsNashville, TN
www.backyardburgers.com
BANKS.COM, INC.
Provider of internet search servicesSan Francisco, CA
CANDESCENT HEALING, LLC
Developer and operator of comprehensive wound care and hyperbaric oxygen therapy facilities within hospitalsWoodbury, NY
www.candescentpartners.com
COCAT HOLDINGS, LLC
Provides property restoration, reconstruction and renovation servicesDenver, CO
CONISUS, LLC
Outsourced provider of continuing medical education services to the pharmaceutical industryAtlanta, GA
www.conisus.com
CONNECTURE, INC.
Provider of process automation software to the health insurance industryWaukesha, WI
www.connecture.com
DELTA COMPUTEC, INC.
Provider of IT support professionals and managed servicesTeterboro, NJ
ENZYMEDICA, INC.
Provider of enzyme productsPort Charlotte, FL
www.enzymedica.com
HIGHWINDS CAPITAL, INC.
Usenet software providerOrlando, FL
www.highwinds.com
HMA, INC.
Provider of third party administration, claims management, disease management & provider network management servicesPhoenix, AZ
www.accesshma.com
HOLDAWAY MEDICAL HOLDINGS, INC.
Provider of respiratory therapy, HME and specialty pharmacy products and servicesLouisville, KY
www.holdawaymedical.com
KEYSTONE PRINTED SPECIALTIES, LLC
Specialty printerScranton, PA
www.keystoneprint.com
LANDSCAPE SERVICES HOLDINGS, LLC
Provider of infrastructure outsourcing and landscape management servicesDenver, CO
www.myterracare.com
LEJ FINANCIAL SERVICES, LLC
Provider of vehicle title loansChattanooga, TN
MISSION CRITICAL ELECTRONICS, INC.
Manufacturer and distributor of electronic components to the marine and communications industriesSanta Ana, CA
www.mission-critical-electronics.com
NARCOTE, LLC
Provider of coated and laminated composite fabricsPiney Flats, TN
www.narcote.com
NRI CONSTRUCTION, INC.
Provider of apartment renovation and restoration servicesAtlanta, GA
OCI HOLDINGS, LLC
Provider of home health services to geriatric and pediatric patientsDallas, TX
PML EXPLORATION SERVICES, LLC
Provides mud logging services to the exploration and production sector of the US energy industryOklahoma City, OK
www.pmles.com
QUADRANT, LLC
Provider of electronic database management softwareMansfield, MA
www.quadrantsoftware.com
QUEST EVENTS, LLC
Provider of event pipe and drape rentalDallas, TX
www.questevents.com
REDVECTOR.COM, INC.
Provider of online continuing education for design, construction and healthcare professionalsTampa, FL
www.redvector.com
STAR PACKAGING CORP.
Manufacturer of flexible packaging productsTampa, FL
www.starpackaging.net
SUNBELT CHEMICALS CORPORATION
Custom packager and distributor of branded and private label specialty chemical consumer productsPalm Coast, FL
www.sunbeltchemicals.com
TERMINAL TRUCKING COMPANY, LLC
Regional, short-haul provider of same day or next day pick-up and delivery servicesConcord, NC
TMR HOLDINGS, LLC
Distributor of automotive aftermarket replacement partsSarasota, FL
www.themainresource.com
TURNING TECHNOLOGIES, LLC
Provider of interactive group response systemsYoungstown, OH
www.turningtechnologies.com

Harbinger Mezzanine Partners, LP

ACTIVE INVESTMENTS

CAREGIVER SERVICES, INC.
Provides assisted daily living and home health servicesFranklin, TN
www.csicaregiver.com
CDA, INC.
Provider of CD and DVD replication servicesCharlotte, NC
www.cdausa.01.cycrosuite.com
G.A.H.H., LLC
Manufactures OEM quality replacement convertible tops and interiors for the luxury car restoration marketNorth Hollywood, CA
www.gahh.com

EXITED INVESTMENTS

ADVANCED DIAGNOSTIC HOLDINGS, LLC
Provider of medical diagnostic testingTampa, FL
www.advanceddiagnosticgroup.com
APC WORKFORCE SOLUTIONS, LLC
Staffing and payroll services providerOrlando, FL
www.zerochaos.com
ATLANTIC COAST MEDIA GROUP, LLC
Develops and markets consumer productsHoboken, NJ
www.atlanticcoastbrands.com
CAMBRIDGE HOME HEALTH CARE HOLDINGS, INC.
Provider of home health servicesAkron, OH
www.cambridgehealth-care.com
CANTERBURY ENGINEERING CO., INC.
Engineered parts supplierAtlanta, GA
www.milacron.com
CARSTAR, INC.
Network of franchised and company-owned collision repair facilitiesKansas City, KS
www.carstar.com
CASHLAND, INC.
Payday advance, check cashing and related productsDayton, OH
www.cashamerica.com
CENTURY II STAFFING, INC.
Professional employer organizationNashville, TN
www.centuryii.net
COYNE INTERNATIONAL ENTERPRISES CORP.
Textile rentalSyracuse, NY
DELTA COMPUTEC, INC.
Provider of it support professionals and managed servicesTeterboro, NJ
DIGNEY YORK ASSOCIATES, INC.
Sub-contractor for the hospitality rehab industryVienna, VA
www.digneyyork.com
D&S RESIDENTIAL HOLDINGS, INC.
D&S promotes optimal independence and quality of life by providing exceptional person-centered services. Austin, TX
www.dscommunity.com
EF ACQUISITION COMPANY, INC.
Forge master of seamless rolled ringsYork, SC
www.fomasgroup.com
EFT SOURCE, INC.
Provider of debit/credit card fulfillment servicesNashville, TN
www.cpicardgroup.com
FIVE STAR FOOD SERVICE, INC.
Provider of vending and food servicesDalton, GA
www.fivestar-food.com
HIGHWINDS CAPITAL, INC.
Usenet software providerOrlando, FL
www.highwinds.com
HOME HEALTHCARE PARTNERS, LLC
Home healthcare providerDallas, TX
www.homehealthcarepartners.com
HOSTING.COM, INC.
Web hosting services providerLouisville, KY
www.hosting.com
IPAYMENT TECHNOLOGIES, INC.
Credit card processor specializing in internet and other non face-to-face transactions.Nashville, TN
www.ipaymentinc.com
ISO POLY FILMS, INC.
Manufacturer and seller of packaging filmGray Court, SC
www.isoflexpackaging.com
KEYSTONE PRINTED SPECIALTIES, LLC
Specialty printerScranton, PA
www.keystoneprint.com
MAC EQUIPMENT, INC.
Manufacturer of pneumatic conveying equipmentKansas City, KS
www.maceq.com
MRCG HOLDINGS, LLC
Provider of market research servicesLas Vegas, NV
NATIONWIDE VISION CENTER, P.C.
Optical retailerChandler, AZ
www.nationwidevision.com
OPTION 1 NUTRITION HOLDINGS, LLC
Provider of enteral nutrition servicesChandler, AZ
www.epicmedicalsolutions.com
PIEDMONT HARDWOOD FLOORING, LLC
Manufacturer of hardwood flooring productsMacon, GA
www.piedmontfloor.com
PRIME OFFICE PRODUCTS, INC.
Distributor of office productsNashville, TN
www.primeop.com
PROTECT AMERICA, INC.
Residential security system sales, installation and monitoring companyRound Rock, TX
www.protectamerica.com
PROVIDENCE SERVICE CORP.
Provide home and community based counseling and social servicesTucson, AZ
www.prscholdings.com
PSL HOLDINGS, INC.
Manufacturer of post tension products used in bridge & building constructionDallas, TX
PULL-A-PART, LLC
Operator of used auto part retail storesAtlanta, GA
www.pullapart.com
READY STAFFING NETWORK, LLC
Regional provider of skilled and semi-skilled staffing services primarily to the light industrial and construction marketsLouisville, KY
RESTAURANT TECHNOLOGIES, INC.
Provider of bulk cooking oil servicesEagan, MN
www.rti-inc.com
SPARTAN FOODS OF AMERICA, INC.
Manufacturer and seller of food productsSpartanburg, SC
www.mamamarys.com
TA ACQUISITION GROUP, LP
Miner, processor and seller of sand and gravelAustin, TX
TAX REFUND EXPRESS, INC.
Facilitate electronic filing of tax returnsHouston, TX
TEAMM PHARMACEUTICALS, INC.
Promote and distribute under-promoted prescription productsMorrisville, NC
www.teampharmaceutical.com
THE ALAN WHITE COMPANY, INC.
Manufacturer of upholstered furnitureMemphis, TN
www.alanwhiteco.com
U.S. LEGAL SUPPORT, INC.
Provider of litigation support servicesHouston, TX
www.uslegalsupport.com
UNITED ASSET COVERAGE, INC.
Offers businesses an alternative maintenance coverage plan for a wide range of technology, including telephone, copiers and other office equipmentNaperville, IL
www.unitedasset.com
WYNDHAM JADE, LLC
Provides management and planning services for conventions, incentive plans and travelPlano, TX
www.wyndhamjade.com
Contact
HARBERT CREDIT SOLUTIONS

618 Church Street, Suite 500
Nashville, TN 37219

Contact:
Jennifer Schanhals
jschanhals@harbert.net
615.301.6400