Bunker Hill Capital Closes Second Fund with $200M

Bunker Hill Capital, a lower-middle-market buyout shop, has closed its second fund, Bunker Hill Capital II L.P., with $200 million. Bunker Hill makes control investments in lower middle market companies with enterprise values up to $150 million. The firm has offices in Boston and San Diego, Calif.

Bunker Hill Capital (“Bunker Hill”), a lower middle market buyout fund, announced today that it has had a final closing on commitments totaling $200 million for its second fund, Bunker Hill Capital II, L.P. New investors in the second fund included a diverse group of limited partners, both domestic and international.

“We are thrilled to have such a strong and diverse group of new limited partners in addition to existing investors from Fund I,” said Mark DeBlois, a Managing Partner of Bunker Hill. “We are very appreciative of the ongoing support from our limited partners,” added Rufus Clark, also a Managing Partner.

“We invested with Bunker Hill because the team has an impressive history of creating value through hands–on involvement with their portfolio investments,” said Bill Holm, Head of the Mezzanine and Private Equity Group of Hartford Investment Management Company.

Bunker Hill is a private equity firm that makes control investments in lower middle market companies with enterprise values up to $150 million. Bunker Hill’s partners have invested over $400 million in 30 transactions during their nearly two decades investing together. The firm focuses on acquiring lower middle market companies in four industry sectors: industrial products, business services, consumer products and specialty retail. Bunker Hill invests in companies with proven business models, outstanding management teams and the potential for significant growth in earnings. The firm has offices in Boston, MA and San Diego, CA.

“We have been very impressed with Bunker Hill,” said Larry Gury, President of Bunker Hill portfolio company California Family Fitness. “They have brought a new level of strategic focus to our business and provided operating and financial resources to help us achieve our goals.”

According to Mr. DeBlois, “We are optimistic about the investment environment over the next couple years in particular as the economy recovers and the firm has the ability to acquire businesses at attractive valuations.

Mr. Clark added, “Despite a challenging fundraising environment over the last two years, we believe it will be an exceptional time to deploy capital into lower middle market companies.”