Hoskin & Muir

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Situation:

Hoskin & Muir (d.b.a. HMI Cardinal) was founded in 1948 and began as a decorative aluminum trim wholesaler.  In the 1980s, under the leadership of Don Cameron Ross, the Company began its specialization in shower door trim and ultimately transitioned into the shower door manufacturing business.  HMI Cardinal maintained momentum through the recession and became one of the nation’s largest custom shower enclosure manufacturers while also rapidly growing its commercial storefront operation.  The Company now has over 580 employees, operating from seven distribution centers, and nine delivery warehouses that service over 5,000 customers in the residential, hospitality and commercial markets across the U.S. Ultimately, the shareholders realized a liquidity event at a very attractive valuation, while ensuring the preservation of HMI Cardinal’s legacy, employees and community.

Sadly, the Company’s leader, Don Ross, passed away after growing the business for 35+ years.  It was extremely important to his family to find an appropriate steward that could continue to run the Company in Don’s legacy with the same love and respect for the employees that Don had.

Solution:

After narrowing the possible suitors to the three finalists the shareholders felt most comfortable with, we negotiated a transaction with the global private equity firm, the Riverside Company.  After several meetings, the shareholders became comfortable with Riverside and believed they would be the best steward to help take the Company to the next level while maintaining important elements of the Company’s culture.

Dylan Bell joined the Hexagon Capital Alliance team as an Analyst in 2019.

Mr. Bell earned bachelor’s degrees in Accounting and Business Administration from the Argyros School of Business and Economics at Chapman University.

Brandon Clewett is a Managing Director with Hexagon Capital Alliance. He has 17+ years of capital markets experience and has been involved in 100+ merger & acquisition transactions, recapitalizations, and debt and equity capital raises for middle-market clients.

Mr. Clewett’s sector experience includes E-commerce, Consumer Branded Products, Infrastructure and Specialty Manufacturing.  Prior to Hexagon Capital Alliance, he was a Managing Director with Moss Adams Capital, and a Director with KPMG in their corporate finance group.  Before joining KPMG, he was a Vice President at McGladrey LLP in their investment banking division.

Mr. Clewett earned a bachelor’s degree in finance from the Haas School of Business at the University of California, Berkeley and lives in Orange County, CA with his wife and three sons.

Andrew Suen is a Managing Director with Hexagon Capital Alliance. He has 13+ years of experience advising and executing middle-market mergers and acquisitions transactions, including more than 75 sell-side, buy-side and strategic advisory assignments.

Mr. Suen serves as head of the firm’s Diversified Industrials practice. His sector experience includes Converted Packaging Materials; Industrial Technology; Supply Chain Management & Distribution; Automotive Aftermarket; and Business & Professional Services. Prior to Hexagon Capital Alliance, Mr. Suen served in similar capacities advising middle-market companies and business owners with Moss Adams Capital LLC; Mesirow Financial, Inc.; and Brown Gibbons Lang & Co.

Mr. Suen earned a bachelor’s degree in finance and international business from Indiana University Bloomington and lives in Orange County, CA with his wife, daughter, and two sons.

Bradley Erhart is a Vice President with Hexagon Capital Alliance. He has 10+ years of capital markets experience and has been involved in numerous merger & acquisition transactions, recapitalizations, and debt and equity capital raises for middle-market clients.

Mr. Erhart’s sector experience includes Specialty Manufacturing; Supply Chain Management & Distribution; Direct-to-Consumer; and Consumer Products. Prior to this position, he was a Vice President with Moss Adams Capital LLC. He served in similar capacities advising middle-market companies and business owners with Strategic Equity Group, a boutique investment banking and valuation advisory firm. Mr. Erhart began his career as an Analyst at Murray Devine, a valuation advisory firm in Philadelphia.

Mr. Erhart earned bachelor’s degree in Economics from the University of Pittsburgh. He currently resides in Orange County, CA with his wife and dog.