“[Housatonic’s partners] are not just about the transaction. They’re about the full exposure to their investment [including] the CEO’s involvement for a period of years. They want to understand your goals [as a CEO]. I really like that.”
— Dennis Barnedt, ZircoDATA
In October 2016, Housatonic partnered with repeat Housatonic CEO Dennis Barnedt and acquired the legacy Australian operations of Iron Mountain (NYSE: IRM), an enterprise information management services company.
In February 2010, Housatonic made a significant minority investment in HemaSource, a Utah-based provider of medical consumables and associated inventory management software to the plasma and whole blood collection industries, and backed Todd Tracey as its new CEO.
“We got to leverage a lot of [Housatonic’s] industry knowledge and take what they had done at other places and put it in to practice at Hemasource. I certainly value their suggestions, insights, business acumen; but they’ve [also] become great friends over the past four years.”
— Todd Tracey, Hemasource
“Housatonic was our original backer. . . . [When choosing a partner], I think it’s important to look at the caliber of people; I think it’s important to look at the depths of the financial pockets and the resources that they can bring to the table. . . . Even as a seller, you want to know that the people you’re entrusting your company to are solid and that they are going to do right by you.”
— Karen Moriarty, Carillon Assisted Living
Housatonic partnered with Karen Moriarty in 1996 to launch Carillon Assisted Living. It has grown to become one of the largest senior care and assisted living community companies in the state of North Carolina employing 1,200 people across twenty locations.
In November 2007, Housatonic invested in Aircraft Fasteners Inc. (AFI), a distributor specializing in aircraft hardware for the aerospace and defense industry. Housatonic backed Scott Tucker as he expanded the business and, in 2014, provided the diligence and arranged to finance the acquisition of Arlington International Aviation Products (AIAP), bringing both businesses under the FDH name.
“It’s clear that [Housatonic] takes a long term horizon which is interesting . . . because the decision making that takes place is usually done with a longer term return profile.”
— Scott Tucker, Fastener Distribution Holdings
“I went through the Great Recession with Housatonic as my investment partner. [They were supportive] of how we could grow and support our clients during that really challenging time. As a result, our business really took off. I couldn’t have done that without Housatonic’s support.”
— Ben Godsey, ProService Hawaii
In 2007, Housatonic backed Ben Godsey in acquiring ProService Hawaii, the leading provider of outsourced human resource services in the state of Hawaii. In the decade since, Housatonic has supported Ben as he has grown ProService’s customer base to 2,000+ across the islands.