ShoreView and Vista originally partnered with Hamilton through a management buyout transaction in March 2006. The founder of the business was approaching retirement and seeking a liquidity event after a period of significant growth, and management was seeking a strong financial partner going forward. ShoreView and Vista structured a transaction that:
- Provided liquidity to the founder and a transition plan for the business
- Allowed management to take a meaningful ownership position
The results of this partnership were excellent as ShoreView and Vista worked with Hamilton to complete two complimentary add-on acquisitions, open international offices in India and Brazil, and add depth to the management team. As a result, revenue and earnings increased significantly during ShoreView and Vista’s ownership period.
During May of 2012, Shoreview and Vista completed a successful sale of Hamilton to Corinthian Capital, who subsequently merged Hamilton with Sierra Engineering in 2013. (see www.sierra-hamilton.com).