June 25, 2012
Vista Private Equity Group and ShoreView Industries are pleased to announce the successful sale of Hamilton Group to Corinthian Capital
ShoreView and Vista 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 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.
About Hamilton Group
Hamilton provides world-class engineering, consulting, project management and workforce placement solutions to clients in the energy market. Hamilton services leading multinational and independent customers throughout all phases of the exploration and production process including drilling, completion and workover, reservoir evaluation and description, and drilling management. Hamilton is headquartered in Houston, TX with offices in Lafayette, LA, Rio de Janeiro, Brazil, and Pune, India.
About ShoreView Industries
ShoreView Industries, based in Minneapolis, manages $600 million in private equity funds. ShoreView invests in established, middle-market companies with operations in North America, across a wide range of industries. ShoreView structures a variety of acquisition, recapitalization and build-up transactions, typically in businesses with revenues ranging between $30 million and $200 million.
About Vista Private Equity Group
Located in Houston, TX, Vista invests in private companies within the smaller end of the middle market (revenues generally ranging from $10 million to $50 million). With a focus on founder and entrepreneur driven companies, Vista seeks to make investments in manufacturing, distribution and service businesses typically headquartered in Texas.