William Hobbs has joined middle-market buyout firm High Road Capital Partners as a partner.
High Road Capital Partners, a leveraged buyout firm that buys and builds niche market leaders at the smaller end of the middle market, has added William B.R. Hobbs as a partner.
“Bill's broad and deep operational expertise will provide High Road Capital Partners' portfolio companies with the skills and guidance necessary to help maximize their performance and therefore their ultimate returns,” said Robert Fitzsimmons, Managing Partner. “Bill has a rare skill set and we are fortunate to have him on board as we begin investing our first fund.”
High Road seeks to acquire well-run companies with revenues of $10 million to $100 million and EBITDA of $2 million to $10 million. The firm believes companies in this size range present the best opportunity for a private equity firm to add value consistently through a combination of add-on acquisitions and organic growth initiatives. High Road is currently investing from its first fund and has over $100 million of committed capital under management.
In spite of recent media focus on megafunds and megadeals, smaller-middle-market buyout funds historically have generated higher returns than larger buyout funds. According to Thomson Financial's