Credit Solutions

Overview

The Credit Solutions (Mezzanine Lending) group typically provides $5 million to $15 million in subordinated debt and equity investments 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

Mr. Harrison joined HMC in 2000 and serves as Senior Managing Director of HMC’s Credit Solutions Funds. His responsibilities include directing the investing activities of and chairing the Investment Committee for the funds. He is a former member of the board of directors for HMC.

Prior to joining HMC, Mr. Harrison gained experience in the commercial banking industry with a focus on lending and credit management.  Additionally, Mr. Harrison worked for Finova Mezzanine Capital as Vice President and Eastern Regional Manager before joining the firm. He is also the former Vice President of Sirrom Capital Corporation. He received an undergraduate degree in Finance from the University of Tennessee.

John S. Scott
Managing Director

Mr. Scott joined HMC in 2000 and serves as a Managing Director of HMC’s Credit Solutions Funds.  He is responsible for sourcing, executing and monitoring investments of and serves on the Investment Committee for the funds. He worked for Finova Mezzanine Capital as Vice President and 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. He received an undergraduate degree in Accounting from the University of Kentucky.


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Robert A. Bourquin
Managing Director

Mr. Bourquin joined HMC in 2001 and serves as a Managing Director of HMC’s Credit Solutions Funds.  He is responsible for sourcing, executing and monitoring investments of and serves on the Investment Committee for the funds. Prior to joining HMC, he held the position of Vice President with Sirrom Capital Corporation and Finova Mezzanine Capital. Mr. Bourquin 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 an undergraduate degree in Economics from Dickinson College.


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Jack L. Davis
Director

Mr. Davis joined HMC in 2011 as an Analyst before rising to Director of Investments in 2017.  He is responsible for sourcing, executing and monitoring investments of the funds.  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 degrees in Spanish and Commerce with a concentration in Finance from the University of Virginia.


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Alyce M. Ory
Director of Administration

Ms. Ory joined HMC in 2000 as an Associate before rising to Director of Administration in 2015.  She is responsible for a number of administrative functions including internal and investor reporting, marketing and fundraising efforts.  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 in Economics from Vanderbilt University.


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Tim A. Henry
Director

Mr. Henry joined HMC in 2016 as an Associate before being named a Director in 2022. He is responsible for sourcing, executing, and monitoring investments of the funds. 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 in Economics from Vanderbilt University.


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Tyler W. Crace
Senior Associate

Mr. Crace joined HMC in 2017 as an Associate and is responsible for investment analysis and executing and monitoring investments.  Prior to joining HMC, Mr. Crace worked in the Mergers & Acquisitions Group at SunTrust Robinson Humphrey in Atlanta. He received his undergraduate degree in Finance from the University of Georgia.


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J. Banyon Harrell
Senior Associate

Mr. Harrell joined HMC in 2019 as an Associate and is responsible for investment analysis and executing and monitoring investments and was promoted to Senior Associate in 2023.  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 in Finance from the University of Georgia.


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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

ACTION WACO HOLDCO, LLC
Provider of full-service scaffolding rental and solutions to the industrial, government and commercial construction markets.Phoenix, AZ
actionscaffold.com
BUCHANAN TECHNOLOGIES, INC.
IT managed service provider that focuses on providing support services, IT systems monitoring, field consulting and professional IT servicesGrapevine, TX
buchanan.com
ARRAY
Provides live event audience engagement data and analyticsDenver, CO
arraylive.com
ENT&C HOLDINGS, LLC
Ear, nose and throat specialty practiceChicago, IL
chicagoent.com
FTEI HOLDING COMPANY, INC.
Provider of mental health, family preservation and crisis management services for childrenSandy Springs, GA
familytiesinc.com
HOH HOLDINGS, INC.
Provides residential and day habilitation services to people with behavioral, intellectual and developmental disabilitiesBellevue, NE
handsofheartland.com
INNOVATIVE HEARTH PRODUCTS, LLC
Manufacturer and marketer of prefabricated fireplaces, gas logs, stoves and accessoriesRussellville, AR
ihp.us.com
MEDICAL INDICATORS HOLDINGS, INC.
Manufacturer of single-use disposable thermometersHamilton, NJ
medicalindicators.com
METOVA ACQUISITION CORPORATION
Provides outsourced mobile application solutionsFranklin, TN
metova.com
NEW NELLO ACQUISITION CO, LLC
Manufacturer of utility poles, wireless towers and other steel structures.South Bend, IN
nelloinc.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
DEFINITI
Provides a suite of services for retirement plansHouston, TX
definiti-llc.com
SIMR, LLC
Technology-enabled healthcare research companyPlano, TX
statinmed.com
TRAPP TECHNOLOGY, INC.
Managed service provider that tailors complex cloud, voice, support and security solutionsPhoenix, AZ
trapptechnology.com
UCG HOLDING COMPANY, LLC
Provides urgent care services in South CarolinaNashville, TN
urgentcaregroup.com

EXITED INVESTMENTS

MILLENNIA PATIENT SERVICES, LLC
Provider of patient billing collection servicesRaleigh, NC

Harbert Mezzanine Partners III, LP

ACTIVE INVESTMENTS

APOLLO LIMS
Provider of proprietary Laboratory Information Management Systems software to the laboratory marketplace to assist operators with laboratory automation and quality assuranceNashville, TN
apollolims.com
BIOLOGOS ACQUISITION, LLC
Provider of sterile-filtered animal sera and other liquid solutionsMontgomery, IL
biologos.com
CAREFINDERS TOTAL CARE, LLC
Provider of home health servicesHackensack, NJ
carefinders.org
DAVEY COACH HOLDINGS, INC.
Dealer and lessor of new and used mid-sized buses, vans and coaches in the Rocky Mountain regionSedalia, CO
daveycoach.com
i3 Verticals, LLC
Credit card transaction processing companyNashville, TN
i3verticals.com
INPRODUCTION, INC.
Provider of staging and seating rental equipment and engineering design services for special eventsLansing, MI
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
powerservicesgroup.com
PRO TECH INDUSTRIES, LLC
Manufacturer of cab racks, toolboxes, fenders, storage boxes and other truck accessoriesLa Vergne, TN
protech.net
PUB GROUP INVESTMENTS, LLC
British pub restaurant conceptCincinnati, OH
experiencethepub.com
SHARECARE, INC.
Interactive social media platform designed to simplify the search for high-quality healthcare informationAtlanta, GA
sharecare.com
SUMMIT HOSTING, LLC
Provider of managed hosting solutions that meet client information and business management needs.Alpharetta, GA
summithosting.com
THE HARDENBERGH GROUP, INC.
Consulting and temporary staffing agency specializing in medical staff servicesNorthville, MI
hisgstaffing.com
VERTRUAEN CHEMIE SOLUTIONS, INC.
Provider of chemical contract packaging services including compounding, blending, and packaging services for large, global chemical companiesMemphis, TN
vertrauen-us.com

EXITED INVESTMENTS

CLARKE GROUP HOLDINGS, LLC
Designs, installs, operates and maintains mass production, packagings and labeling systems of highly regulated products for blue chip manufacturersFishers, IN
D&H UNITED FUELING SOLUTIONS, INC.
Provider of petroleum fuel equipment services to blue-chip companiesSan Antonio, TX
ECI MERGER SUB, INC.
Regional commercial staffing companyShelby, NC
HEALTHCARE SERVICES COMPANY
Healthcare staffing for correctional facilitiesChattanooga, TN
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
SPINE HOLDINGS, LLC
Medical practice exclusively specializing in full service spine and pain treatmentMount Pleasant, SC
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
bernardbpo.com
DOCTOR’S CHOICE HOME CARE, INC.
Provider of home health servicesSarasota, FL
doctorschoicefl.com
ENDURACARE ACUTE CARE SERVICES, LLC
Provider of therapy program management services for hospitals, outpatient clinics and physician practicesFranklin, TN
enduracareac.com
ISS HOLDINGS, INC.
Supplier of aftermarket parts and services to the vehicle and heavy duty equipment marketsPortland, OR
instrumentsales.com
MODUS EDISCOVERY, INC.
Provides electronic data discovery services for law firms and other corporationsWashington, DC
discovermodus.com
PLASMA SYSTEMS HOLDINGS, INC.
Provider of engineered, ruggedized solutions for the electronics manufacturing industrySan Jose, CA
plasmarugged.com
TULIP MOLDED PLASTICS CORPORATION
Manufacturer and distributor of injection molded plastic products for the aftermarket automotive and industrial battery marketsMilwaukee, WI
tulipcorp.com
VOLOGY, INC.
Reseller of new and pre-owned networking and telecommunications equipmentOldsmar, FL
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
CAMBRIDGE ADVISORY GROUP, INC.
Provider of employee benefit plans consultingKing of Prussia, PA
CANDESCENT HEALING, LLC
Developer and operator of comprehensive wound care and hyperbaric oxygen therapy facilities within hospitalsWoodbury, NY
CDA, INC.
Provider of CD and DVD replication servicesCharlotte, NC
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
DIRECT SHOT DISTRIBUTING, INC.
Disc distributor for Sony and UniversalFranklin, IN
DIVERSIFIED MACHINE SYSTEMS HOLDINGS, LLC
Manufacturer of high-end computer numerical control high precision machine toolsColorado Springs, CO
ECI MERGER SUB, INC.
Commercial staffing providerShelby, NC
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
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
HOME HEALTH HOLDINGS, INC.
Home health services providerDenver, CO
INTERMOUNTAIN DRILLING SUPPLY CORP.
Distributer and manufacturer of industrial drilling suppliesSalt Lake City, UT
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
MPI ACQUISITION, LLC
Manufacturer of locomotive air horns and supplier to the U.S. Navy nuclear submarine programSouth Windham, CT
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

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
CAREGIVER SERVICES, INC.
Provides assisted daily living and home health servicesFranklin, TN
CARSTAR, INC.
Network of franchised and company-owned collision repair facilitiesKansas City, KS
CASHLAND, INC.
Payday advance, check cashing and related productsDayton, OH
CDA, INC.
Provider of CD and DVD replication servicesCharlotte, NC
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
DIRECT SHOT DISTRIBUTING, INC.
Disc distributor for Sony and Universal Franklin, IN
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

333 11th Avenue South, Suite 410
Nashville, TN 37203

Contact:
Jennifer Schanhals
jschanhals@harbert.net
615.301.6400