HBM Holdings has named Andrew Fulford as vice president of corporate development. Previously, he worked at Graybar Electric Company Inc where he was director of strategic planning.
ST. LOUIS, MO – March 26, 2018 – HBM Holdings today announced that Andrew Fulford has been appointed as Vice President of Corporate Development.
Mr. Fulford will actively lead HBM’s portfolio expansion strategy, including the sourcing and evaluation of platform acquisitions and bolt-on targets. He will also oversee the management of internal consulting work for HBM’s portfolio companies, partnering with them to execute on their long-term strategic plans. He will also be responsible for developing and mentoring the company’s associate team in its Corporate Development Group.
“We are delighted to have Andrew join HBM at this pivotal point in the company’s growth,” stated Don Roberts, Chief Financial Officer and SVP, Corporate Development. “After successfully completing two portfolio acquisitions late last year, we were looking for someone who had a proven track record of building and mentoring teams to execute on strategic corporate projects while continuing to shape our portfolio expansion strategy. Andrew’s professional experience and proven leadership will be a key resource in refining our corporate development process.”
“I am thrilled to be joining a company that focuses on both the long-term strategic growth of its companies and the development of its employees,” commented Mr. Fulford. “I look forward to working with the Corporate Development team to grow HBM’s portfolio and to actively identify opportunities to help our companies execute on their strategic plans.”
Mr. Fulford has spent the past five years at Graybar Electric Company, Inc. serving as the Director of Strategic Planning. In this role, he was responsible for building, leading and mentoring a team of strategy associates to identify and execute on internal consulting activities aimed at improving the growth and profitability performance across 13 business units and subsidiary companies. Prior to joining Graybar, Mr. Fulford held corporate development positions at Aegion Corporation. He held earlier career positions at SAIC in the Washington D.C. area and with First Union Securities in Charlotte, NC. He holds a Master of Business Administration from Northwestern University’s Kellogg School of Management, a Master of Arts from Johns Hopkins University’s School of Advanced International Studies (SAIS) and a Bachelors degree from Davidson College.
ABOUT HBM HOLDINGS
HBM Holdings is an investment and management company that acquires, supports, and operates middle-market businesses in industrial products and services. Our strategy is to grow a diversified portfolio using a long-term buy and build approach. We provide our portfolio companies with professional management expertise, financial resources, and high potential human capital to accelerate their growth. Our firm targets new platform opportunities with EBITDA between $10mm and $25mm in the specialty-manufacturing sector, specifically in industrial equipment and components, energy equipment, transportation equipment (excluding light automotive) and chemical and minerals. HBM’s portfolio of companies includes Mississippi Lime Company, Delavau LLC, Tru-Flex LLC, Schafer Industries, and Aerofil Technologies. For additional information, please visit www.hbmholdings.com.