California-based private equity firm, HGGC, was founded in 2007 by Steve Young, Richard Lawson, and Lance Taylor. As three titans of industry, Young, Lawson, and Taylor had a firm understanding of what was expected of them as they pursued this undertaking. All versed in the dynamics of investing, Young, Lawson, and Taylor married their insight with their intrigue to develop what’s now one of the leading middle-market businesses in the industry. Armed with an industrious team of financial specialists, HGGC’s services run the gamut from recapitalizations to add-on acquisitions. They’re also proficient in leveraged buyouts and platform investing.
Seeking partnerships with founder-owners, management teams, and sponsors, HGGC feels like these individuals hold the most potential to transform into renowned portfolio companies. Collaborators to the core, HGGC’s team of experts strive to build harmonious business relations with their valued clients. Some companies they’ve recently invested in include AIMC and Integrity Marketing Group. Though Young, Lawson, and Taylor are exceedingly proud of the progress their corporation has made, they hope to extend beyond their North American roots within the foreseeable future. According to Young, their desire to diversify into an international corporation fuels their motivation.
While HGGC has performed exceptionally well in their domain, that doesn’t mean they’ve been without their setbacks. In 2016, the company was under fire for allegedly falsifying test results at one of their subsidiary companies, Citadel Plastics. A. Schulman, a supplier of plastic compounds, called Young and his colleagues out after acquiring Citadel Plastics three years ago. As the MD, the onus was on Young to keep this scandal under wraps. Unfortunately, A. Schulman ensured that wouldn’t happen when they filed a lawsuit. HGGC is still reeling from this three-year-old controversy. Fortunately, the company’s honorable repute was only temporarily sullied, and they continue to thrive in their field.