HFW Completes First Acquisition
Expert Reduce Center Current market Investor VSS Gives Versatile Money to Aid Growth of New System Company
NEW YORK & ST. LOUIS, November 09, 2021–(Organization WIRE)–VSS Money Partners (“VSS”), a non-public investment decision agency investing in the health care, information and facts, organization solutions and schooling industries, now declared its partnership with The HFW Companies (“HFW” or the “Company”), a freshly formed system and partnership centered on investing in architecture, engineering, and construction (“AEC”) products and services companies. Concurrently, HFW is delighted to introduce its 1st member business – Miller Legg, an award-profitable multi-disciplinary engineering and consulting organization centered in Fort Lauderdale, Fla. Economical terms of the transactions were being not disclosed.
Headquartered in St. Louis, Missouri, HFW is led by an executive workforce of a few marketplace veterans who have expertise in AEC products and services which include prior functioning, investment decision, and leadership encounter. Recognizing the substantial degree of fragmentation in the industry, the team established up HFW to execute a buy-and-develop strategy targeted on AEC firms who are intrigued in transitioning partial ownership of their companies. HFW will provide as an integral lover to any AEC agency that joins its platform to make sure its effective continuity, preservation of fairness ownership, latest manufacturer identity and operational independence.
“We are extremely amazed by the experienced leadership crew of HFW, who provides deep strategic perception, organization acumen and many years of operational expertise, coupled with a highly effective company product that is straightforward, progressive and non-disruptive,” said Jeffrey Stevenson, Controlling Husband or wife of VSS. “We are fired up to give HFW with VSS’ flexible capital remedies to assist their next chapter of progress. We consider there is a terrific chance for them to share and put into practice best methods for the reward of all its member companies.”
“In VSS, we have uncovered a lover who delivers the credentials, acquisition practical experience, marketplace know-how and familiarity with the operations of reduce mid-market companies,” said Michael Hein, CEO of HFW. “Our target is to create HFW into an organization with an fantastic ‘House of Brands’ that offers our member companies with the resources, positive aspects of scale, included depth of human assets and subject make any difference gurus to build new expansion possibilities for their corporations and employees.”
HFW is centered on constructing a community of effectively-identified AEC brand companies throughout the United States. The Company’s small business product is developed to protect the model recognition, faithful personnel foundation and customer allegiance of AEC entrepreneurs who be a part of its platform. The AEC industry is approximated to complete extra than $200 billion, according to business info.
“We’re thrilled to companion with CEO Mike Hein and his talented team who share our vision for delivering an exceptional client-focused experience, and we seem forward to benefitting from their collective know-how and potential to continue rising our enterprise in Florida and beyond,” claimed Mike Kroll, President of Miller Legg. “We are persuaded that HFW is the suitable system for increasing our business.”
HFW’s 3 founders, Mike Hein, COO Matt Westphal, and CFO Dan Forguson will commit 100 p.c of their time on HFW and serve as the govt staff of the platform.
Crewe Funds, LLC served as monetary advisor to HFW.
VSS is a non-public financial investment agency that invests in the health care, data, company providers and training industries. Headquartered in New York, VSS supplies money for development funding, recapitalizations, strategic acquisitions, and buyouts to decreased middle marketplace organizations and administration teams with the intention of developing corporations organically as properly as through a targeted include-on acquisition application. VSS tends to make privately negotiated investments across the funds framework and invests in cases requiring handle or non-management fairness, mezzanine securities, and structured equity securities. VSS has above 3 a long time of experience, created investments in 91 portfolio firms, with about 370 insert-on acquisitions, and manages $4 billion in mixture committed money across 8 funds. For much more information, remember to go to: www.vss.com.
About HFW Providers
Based in St. Louis, HFW is an AEC market specialist companies business investing in architecture and engineering corporations who provide metropolitan and infrastructure markets and are open to aligning with a lover for expansion. Our member firms, grounded by technological excellence, solve the most essential troubles dealing with our built atmosphere, producing communities far better as a result of imaginative style and design, engineering, and planning. For much more facts, please visit: www.hfwcompanies.com
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