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

Tim A. Henry
Senior 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

Banyon Harrell
Associate

Prior to joining HMC, Mr. Harrell worked for Advanced Core Concepts, a sponsor-backed service provider to the federal space, defense, and intelligence markets. Previously, he served as an investment banking analyst with the Diversified Industrials Group at Cowen and Company in New York, focusing on M&A advisory. Mr. Harrell received his undergraduate degree from the University of Georgia.


615.301.6394
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

Current Portfolio

Harbert Credit Solutions Fund IV, LP

ACTIVE INVESTMENTS

EDUCATIONAL MEASURES, LLC
Provides live event audience engagement data and analyticsDenver, CO
educationalmeasures.com
ENT&C HOLDINGS, LLC
Ear, nose and throat specialty practiceChicago, IL
chicagoent.com
HOH HOLDINGS, INC.
Provides residential and day habilitation services to people with behavioral, intellectual and developmental disabilitiesBellevue, NE
handsofheartland.com
METOVA ACQUISITION CORPORATION
Provides outsourced mobile application solutionsFranklin, TN
metova.com
OMICRON TECHNOLOGIES, INC.
Provides software and hosting servicesWinter Park, FL
omicronmedia.com
PREFERRED DERMATOLOGY PARTNERS, INC.
Provides clinical dermatology servicesMcKinney, TX
preferredderm.com
PRO EM HOLDINGS, LLC
Provides special event rental equipment and management servicesPhoenix, AZ
proem.org
RELIABLE MEDICAL SUPPLY, LLC
Provides complex mobility services and clinical respiratory careBrooklyn Park, MN
reliamed.com
RHI ACQUISITION, LLC
Provides a suite of services for retirement plansHouston, TX
rhi-texas.com
SIMR, LLC
Technology-enabled healthcare research companyPlano, TX
statinmed.com
UCG HOLDING COMPANY, LLC
Provides urgent care services in South CarolinaNashville, TN
www.urgentcaregroup.com

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.i3verticals.com
INPRODUCTION, INC.
Provider of staging and seating rental equipment and engineering design services for special eventsLansing, MI
www.inproduction.net
OMICRON TECHNOLOGIES, INC.
Provides software and hosting servicesWinter Park, FL
omicronmedia.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
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

NEXUSTEK, INC.
Provider of IT servicesCentennial, CO
OLIVER STREET DERMATOLOGY HOLDINGS, LLC
Provider of clinical dermatology and pathology lab servicesTyler, TX
ON-SITE FUEL SERVICE, INC.
Provider of commercial mobile fuelingBrandon, MS
VENTURE TECHNOLOGIES, INC.
Provider of a diversified set of IT solutions including product procurement and sales, cloud and hosted solutions, and professional servicesRidgeland, MS

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.camadvgrp.com
CDA, INC.
Provider of CD and DVD replication servicesCharlotte, NC
www.oemdisc.com
DIRECT SHOT DISTRIBUTING, INC.
Disc distributor for Sony and UniversalFranklin, IN
directshotdist.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 practicesFranklin, TN
www.enduracareac.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.
Provides electronic data discovery services for law firms and other corporationsWashington, DC
discovermodus.com
MPI Acquisition, LLC
Manufacturer of locomotive air horns and supplier to the U.S. Navy nuclear submarine programSouth Windham, CT
www.microprecisiongroup.com
PLASMA SYSTEMS HOLDINGS, INC.
Provider of engineered, ruggedized solutions for the electronics manufacturing industrySan Jose, CA
www.plasmarugged.com
TULIP MOLDED PLASTICS CORPORATION
Manufacturer and distributor of injection molded plastic products for the aftermarket automotive and industrial battery marketsMilwaukee, 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
ATLANTIC COAST MEDIA GROUP, LLC
Develops and markets consumer productsHoboken, NJ
AVITA DRUGS, INC.
Specialty pharmacy of prescription drugs primarily to the HIV/AIDS populationBaton Rouge, LA
BACK YARD BURGERS, INC.
Operator and franchisor of quick service restaurantsNashville, TN
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
CITY GEAR, LLC
Apparel retailerMemphis, TN
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
CONNECTURE, INC.
Provider of process automation software to the health insurance industryWaukesha, WI
CONTROLLED CONTAMINATION SERVICES HOLDINGS, INC.
Provides cleanroom servicesSan Clemente, CA
DELTA COMPUTEC, INC.
Provider of IT support professionals and managed servicesTeterboro, NJ
DIVERSIFIED MACHINE SYSTEMS HOLDINGS, LLC
Manufacturer of high-end computer numerical control high precision machine toolsColorado Springs, CO
ENZYMEDICA, INC.
Provider of enzyme productsPort Charlotte, FL
GLOBAL CONNECTION HOLDINGS CORP.
Direct marketing company focused on selling prepaid wireline home phone serviceAtlanta, GA
GREEN THUMB LAWN & GARDEN, LLC
Professional landscape equipment dealer & service centerCoral Springs, FL
HIGHWINDS CAPITAL, INC.
Usenet software providerOrlando, FL
HOME HEALTH HOLDINGS, INC.
Home health services providerDenver, CO
HMA, INC.
Provider of third party administration, claims management, disease management & provider network management servicesPhoenix, AZ
HOLDAWAY MEDICAL HOLDINGS, INC.
Provider of respiratory therapy, HME and specialty pharmacy products and servicesLouisville, KY
KEYSTONE PRINTED SPECIALTIES, LLC
Specialty printerScranton, PA
LANDSCAPE SERVICES HOLDINGS, LLC
Provider of infrastructure outsourcing and landscape management servicesDenver, CO
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
NARCOTE, LLC
Provider of coated and laminated composite fabricsPiney Flats, TN
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
QUADRANT, LLC
Provider of electronic database management softwareMansfield, MA
QUEST EVENTS, LLC
Provider of event pipe and drape rentalDallas, TX
REDVECTOR.COM, INC.
Provider of online continuing education for design, construction and healthcare professionalsTampa, FL
STAR PACKAGING CORP.
Manufacturer of flexible packaging productsTampa, FL
SUNBELT CHEMICALS CORPORATION
Custom packager and distributor of branded and private label specialty chemical consumer productsPalm Coast, FL
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
TURNING TECHNOLOGIES, LLC
Provider of interactive group response systemsYoungstown, OH

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.oemdisc.com
DIRECT SHOT DISTRIBUTING, INC.
Disc distributor for Sony and UniversalFranklin, Indiana
directshotdist.com

EXITED INVESTMENTS

ADVANCED DIAGNOSTIC HOLDINGS, LLC
Provider of medical diagnostic testingTampa, FL
APC WORKFORCE SOLUTIONS, LLC
Staffing and payroll services providerOrlando, FL
ATLANTIC COAST MEDIA GROUP, LLC
Develops and markets consumer productsHoboken, NJ
CAMBRIDGE HOME HEALTH CARE HOLDINGS, INC.
Provider of home health servicesAkron, OH
CANTERBURY ENGINEERING CO., INC.
Engineered parts supplierAtlanta, GA
CARSTAR, INC.
Network of franchised and company-owned collision repair facilitiesKansas City, KS
CASHLAND, INC.
Payday advance, check cashing and related productsDayton, OH
CENTURY II STAFFING, INC.
Professional employer organizationNashville, TN
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
D&S RESIDENTIAL HOLDINGS, INC.
Operator of group homes for individuals with intellectual and developmental disabilitiesAustin, TX
EF ACQUISITION COMPANY, INC.
Forge master of seamless rolled ringsYork, SC
EFT SOURCE, INC.
Provider of debit/credit card fulfillment servicesNashville, TN
FIVE STAR FOOD SERVICE, INC.
Provider of vending and food servicesDalton, GA
G.A.H.H., LLC
Manufactures OEM quality replacement convertible tops and interiors for the luxury car restoration marketNorth Hollywood, CA
HIGHWINDS CAPITAL, INC.
Usenet software providerOrlando, FL
HOME HEALTHCARE PARTNERS, LLC
Home healthcare providerDallas, TX
HOSTING.COM, INC.
Web hosting services providerLouisville, 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 filmGray Court, SC
KEYSTONE PRINTED SPECIALTIES, LLC
Specialty printerScranton, PA
MAC EQUIPMENT, INC.
Manufacturer of pneumatic conveying equipmentKansas City, KS
MRCG HOLDINGS, LLC
Provider of market research servicesLas Vegas, NV
NATIONWIDE VISION CENTER, P.C.
Optical retailerChandler, AZ
OPTION 1 NUTRITION HOLDINGS, LLC
Provider of enteral nutrition servicesChandler, AZ
PIEDMONT HARDWOOD FLOORING, LLC
Manufacturer of hardwood flooring productsMacon, GA
PRIME OFFICE PRODUCTS, INC.
Distributor of office productsNashville, TN
PROTECT AMERICA, INC.
Residential security system sales, installation and monitoring companyRound Rock, TX
PROVIDENCE SERVICE CORP.
Provide home and community based counseling and social servicesTucson, AZ
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
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
SPARTAN FOODS OF AMERICA, INC.
Manufacturer and seller of food productsSpartanburg, SC
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
THE ALAN WHITE COMPANY, INC.
Manufacturer of upholstered furnitureMemphis, TN
U.S. LEGAL SUPPORT, INC.
Provider of litigation support servicesHouston, TX
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
WYNDHAM JADE, LLC
Provides management and planning services for conventions, incentive plans and travelPlano, TX
Contact
HARBERT CREDIT SOLUTIONS

618 Church Street, Suite 500
Nashville, TN 37219

Contact:
Jennifer Schanhals
jschanhals@harbert.net
615.301.6400