Hamilton Robinson Capital Partners is pleased to announce that it has expanded its investment team with the addition of Bryan Burroughs. Joining the team as a Senior Associate, Bryan will support new investment opportunities and portfolio development. Prior to joining HRCP, Bryan was an Associate at Goldman Sachs and a financial analyst at Bell Textron Inc. Bryan earned a B.S. in Accounting and Finance from the University of Maryland and an M.B.A. from Cornell SC Johnson College of Business.
“Bryan adds significant depth to the HRCP team and increases our bandwidth as value-added resources to our management partners. He exhibits the same traits that we drive through our businesses – integrity, transparency and accountability. We are excited to have Bryan on the team,” stated Brandon Richter, Partner at Hamilton Robinson.
Hamilton Robinson Capital Partners’ portfolio company Tanknology, the world’s largest provider of environmental compliance testing and inspection services has acquired Norton Corrosion Limited (NCL). NCL is a Washington-based provider of corrosion inspection services, engineering services and manufacturer of high-quality corrosion control products.
“Tanknology’s objective has always been to meet the compliance needs of our customers and international partners. The addition of Norton’s expertise, services, and processes, further expands this mission and positions Tanknology toward many years of growth and industry leadership,” said Allen Porter, Tanknology President and CEO. “Norton Corrosion shares in our commitment to a customer-centric culture and delivery of the highest quality of service.”
“The acquisition of Norton Corrosion significantly increases the scope of Tanknology’s corrosion prevention services and solutions enabling the company to substantially expand its customer base and served end markets,” stated Jim Parmelee, Managing Director at Hamilton Robinson. “Tanknology plans to leverage its existing team of corrosion prevention technicians to support Norton’s services and solutions on a nationwide basis,” added Brandon Richter, Partner at Hamilton Robinson.
Tanknology Inc., the world’s largest provider of environmental compliance testing, inspection services, corrosion prevention and fuel quality solutions, services more than 85,000 petroleum fueling and storage facilities per year. The company provides more than 30 compliance-related service offerings and holds 22 patents for leak detection and tank monitoring technology. Internationally, Tanknology licensees span more than 20 countries, providing services to the largest petroleum operators in the world. For more information visit www.tanknology.com.
Hamilton Robinson Capital Partners’ portfolio company GrayMatter, announces a new strategic merger with Michigan-based HTSE, Inc. HTSE provides automation solutions for some of the world’s largest pharmaceutical, food and beverage, chemical and manufacturing companies since 1989.
“We’re thrilled to add the strength of HTSE to GrayMatter’s Industrial Intelligence Platform,” said GrayMatter CEO and co-founder Jim Gillespie. “They’re a known powerhouse in the pharmaceutical space and in manufacturing overall. Industrial companies have an urgent need to fill talent gaps, leverage advanced analytics and protect plants and remote assets from cyber-attacks. The GrayMatter and HTSE combination creates a larger team of unmatched operational technology expertise to solve these challenges for manufacturers.”
“We expect this combination to provide HTSE’s customers with additional GrayMatter capabilities and resources, and we look forward to bringing the HTSE employees into the GrayMatter family,” stated Brandon Richter, Partner at Hamilton Robinson. “The HTSE acquisition underscores GrayMatter’s commitment to invest in people and innovative technologies to deliver enhanced value to customers,” added Jim Parmelee, Managing Director at Hamilton Robinson.
GrayMatter leverages advanced industrial analytics, industrial cybersecurity, brilliant operations and other as-a-service solutions to help companies transform their operations and empower their people. GrayMatter’s focus is on co-innovation and curating the best process and technology to drive industrial companies and utilities through their digital transformation. For more information visit www.graymattersystems.com.
Hamilton Robinson Capital Partners’ portfolio company, Zone 4, continues to re-invest in the U.S. with the acquisition of Patriot Installations. Located in California, Patriot Installations enhances Zone 4’s leading position building the e-commerce warehouses of tomorrow.
Patriot’s team brings extensive knowledge of the rapidly expanding warehouse industry. “This partnership will enable Zone 4 to continue to access new blue-chip customers and provide additional capacity to accelerate our expansion plans,” stated Steve Martinez, CEO of Zone 4.
Adam Fitzner, Managing Director of Hamilton Robinson commented, “We are excited to expand Zone 4’s installation capabilities into new areas. Last year we added a label installation segment and we will continue to acquire additional capabilities such as electrical, conveyor, and new types of robotics installation to add to our existing industry-leading capabilities in the AS/RS and racking segments.”
ABOUT ZONE 4
Zone 4 is a leader in the installation of automated storage and retrieval systems, advanced material handling and rack storage systems servicing the retail, e-commerce, logistics, and grocery sectors nationwide. Delivering unparalleled expertise implementing automated storage/retrieval systems (AS/RS), multi-shuttle, and mini-load systems in the rapidly expanding e-commerce and food delivery markets. For more information visit www.zone4mhs.com.
Hamilton Robinson Capital Partners, together with management, has recapitalized Signal Control Products, LLC (“Signal Control Products” or “SCP”). Signal Control Products is a leading value-added distributor and solutions provider of signal control equipment used to manage the intersections and roadways of today while building safer, faster and more efficient signal control systems for tomorrow’s integrated traffic mobility. Its full suite of curated traffic control and monitoring solutions serve electrical contractors, municipalities, counties and state departments of transportation.
“We are thrilled to partner with Signal Control and the opportunity to build upon the company’s outstanding reputation in the marketplace,” said Christian Lund, Partner at Hamilton Robinson. “The company’s one-stop value proposition is unique in the industry and its long-term customer relationships are a testament to their value-added approach to serving this exciting niche market.”
“Our new partnership with Hamilton Robinson will provide us with capital and resources to better serve our customers as we enter our company’s next phase of growth,” stated John Bolt, CEO of SCP. “Their experience and track record in partnering with family-owned businesses is a perfect fit to help us expand our capabilities, while preserving our unique culture at Signal Control Products.”
Jim Parmelee, Managing Director at Hamilton Robinson added, “Our partnership with Signal Control Products is consistent with HRCP’s focus on investing in businesses with proven management teams, leadership positions in their served markets and the opportunity to grow through further investment and resources. SCP is poised to benefit from increased public spending on aging U.S. transportation infrastructure.”
Finn Dixon & Herling LLP and Crowe LLP provided legal and accounting advisory services to Hamilton Robinson, respectively. Janney Montgomery was Signal Control Product’s exclusive representative in the transaction, with legal service provided by Stevens & Lee.
ABOUT SIGNAL CONTROL PRODUCTS
Founded in 1975 and headquartered in Branchburg, New Jersey, Signal Control is a leading exclusive value-added distributor and solutions provider of intersection and roadway signaling, monitoring and traffic control systems serving America’s busiest roads and highways.
Hamilton Robinson Capital Partners, together with management, has recapitalized WorkforceQA, a leading tech-enabled Third-Party Administrator (TPA) of employee compliance solutions focused on regulated and safety-sensitive industries. Headquartered in Salt Lake City, UT, the company serves many of the largest trucking, airline, logistics and rail companies in the U.S. assisting them in managing their entire employee screening programs including drug and alcohol testing, physical examinations, background checks and training and compliance.
Jim Parmelee, Managing Director at Hamilton Robinson stated, “We are thrilled to partner with the WorkforceQA team as the company increases its investments in people and technology to provide enhanced value to customers. Our experience in working with tech-enabled service businesses and our additional resources will enable WorkforceQA to rapidly expand its portfolio of employee screening services and solutions. A shared vision and core values underpin our partnership with the WorkforceQA team.”
“Our partnership with Hamilton Robinson highlights our commitment to our employees, customers and industry partners. This partnership will allow us to scale our business more quickly while increasing our re-investment in the industry leading service and quality that WorkforceQA is known for. I remain a significant investor in the company and I am pleased that many members of the senior management team have joined me as shareholders,” stated Eric Quilter, CEO of WorkforceQA.
“Our investment in WorkforceQA is consistent with Hamilton Robinson’s focus on partnering with industry leaders that provide tech-enabled, regulatory driven business services. The current management team will continue to run the company as we provide additional capital to invest in its team and growth plans. We are particularly excited about the opportunity to accelerate WorkforceQA’s acquisition strategy to broaden its services and provide more depth and bench strength,” stated Adam Fitzner, Managing Director at Hamilton Robinson.
Finn Dixon & Herling LLP and Crowe LLP provided legal and accounting advisory services to Hamilton Robinson, respectively. Citizen’s M&A Advisory was WorkForceQA’s exclusive representative in the transaction, with legal service provided by Michael Best & Friedrich LLP.
At WorkforceQA the keyword is partnership. We strive to be a partner of choice to each client – building relationships, cultivating trust, and providing the most transparent and effective service possible. From pre-employment tests to random management, and 24/7 post-accident support, we have the team and resources in place to help you manage your entire employee screening program.