HKW has promoted Rick Ammar to principal. Ammar joined the middle-market private equity firm in 2020 as a vice president.
Correction: An earlier version of this news report misspelled Ammar’s name. It has since been corrected.
INDIANAPOLIS, June 7, 2021 – HKW, an Indianapolis-based middle-market private equity firm, is announcing Rick Ammar’s promotion to Principal. Mr. Ammar joined HKW in 2020 as a vice president, and he will continue to serve in a senior role as part of HKW’s expanding technology efforts.
“Rick has been instrumental in helping HKW establish a technology sector focus,” said Jeff Bistrong, Partner at HKW. “We appreciate his risk versus return analytical skills, underwriting leadership, sector expertise, and experience deploying capital.”
“The current deal environment requires a creative approach,” said Daniel Kim, Partner at HKW. “Rick is a stand-out and we believe that his experience investing across the capital structure is a vital component of our investing efforts.”
Mr. Ammar is based in the firm’s New York office. He has over twelve years of investing experience at firms including Goldman Sachs & Co.’s Americas Special Situations Group, Macquarie Group, and Perry Capital. He received his Bachelor of Science in Economics with a concentration in Finance from the Honors Program of the Wharton School of the University of Pennsylvania as a Joseph Wharton Scholar.
HKW is a middle-market private equity firm investing in companies with talented management teams in the US and Canada. HKW targets companies in the Business Services, Health & Wellness, and Technology sectors. Since 1982, HKW has sponsored 64 platform transactions of lower middle-market companies throughout North America, as well as 71 add-on acquisitions. For more information on HKW, please visit hkwinc.com.