Target: Harrison Gypsum, LLC
Transaction Type: Sell-side Advisory
Industries: Distribution & Supply Chain Management; Non-metallic Mining and Minerals
Geography: Florida, Oklahoma and Texas, USA

Situation

Seale & Associates was retained by the family owners to advise on a recapitalization of Harrison Gypsum as part of a succession planning and wealth diversification strategy, as well as an investment in additional gypsum reserves, equipment, and add-on acquisitions. The majority owner wanted to continue but have a partial liquidity event. Harrison Gypsum is a leading gypsum mining and processing company.

Seale & Associates’ Approach

Seale professionals ran a competitive auction process, managing multiple strategic and private equity investors with experience in the mining space, in order to identify a partner with the capital and shared vision of the owner/management.

Outcome

The process resulted in a majority recapitalization by H.I.G. Capital, a Miami, Florida-based private equity investment firm with over $10 billion of equity capital under management. Russ Harrison, founder/owner and CEO, remained a significant shareholder and continued to lead the company.