Hastings Equity Partners Named to 2022 Inc. Founder-Friendly Investor List


Hastings Equity Partners

“We believe in our team and the business owners we work with. We hold the work, expertise and opinions of owners in high regard.”

Inc. announced its fourth annual Founder-Friendly Investor List, honoring private equity and venture capital firms with the best track records of success supporting entrepreneurs. Last year was the first in which Inc. changed focus from previous lists – which were called the Private Equity 50 – and this year will continue the trend, including venture capital firms.

“To fully invest in an entrepreneur, and his innovative vision, involves much more than financial investment. By developing relationships with entrepreneurs and supporting them over the long term, these private equity firms are more than investors, they are partners,” says Scott Omelianuk, editor of Inc. media.

For Ted Patton, founder and managing director of Hastings Equity Partners, the relationship with the founders and their employees is essential to the success of the company. Joe Conlon, Managing Director of Hastings Equity, said: “We seek to foster strong partnerships that can generate wins for everyone. Not only are we committed to our owner-operators and investors, but we are also committed to the employees and mutual goals of every relationship we form. Above all, we believe in our team and the business owners we work with. We hold the work, expertise and opinions of owners in high regard.

Hastings Equity, Inc.’s 2022 Founder-Friendly Investors Award winner, recently completed the sale of Code Red Safety (“Code Red”), a leading provider of safety equipment and mission-critical safety services and solutions. industrial facilities across the United States. In 2019, Hastings partnered with Code Red founders Mike Miller and Rob Tepperman and industry executive Nick Mowbray to recapitalize Code Red and acquire and integrate two strategic add-on acquisitions: Critical 2-Way Communications and Turnaround Logistics. The combination of the three companies has resulted in a large-scale operation that fills a void in the middle market left by the consolidation of several competitors in previous years.

During Hastings’ three-year investment, Code Red experienced a period of substantial transformation with revenues up 30% and EBITDA doubling. During this time, Hastings has expanded the capabilities of the company while maintaining a strong culture and adhering to the core values ​​established by the founders of Code Red. Hasting’s partnership approach, operational focus and hands-on mentality have helped propel this founder-led company into a powerhouse within the mid-market industrial security services industry.

“[Hastings] showed us more potential than I ever thought I’d see – addressing the good parts of our business and taking a hands-on approach without changing the parts of the business that were working well. They helped us find a terrific new CFO, a fantastic sales team, and very knowledgeable consultants. I have never seen such an involved and dedicated team,” said Mike Miller, Founder of Code Red Safety.

To compile the list, Inc. went straight to the source: entrepreneurs who sold to private equity and venture capital firms. The founders completed a questionnaire about their experiences partnering with private equity and venture capital firms and shared data on how their portfolio companies grew during those partnerships.

To see the full list, go to: https://www.inc.com/founder-friendly-investors/2022

Introduced in 2019, the Founder-Friendly Private Equity Firms list has quickly established itself as one of Inc.’s most resourceful franchises. It has become a go-to guide for entrepreneurs who want to grow their business while maintaining a stake.

The October 2022 issue of Inc. magazine is available online now at https://www.inc.com/magazine and will be on newsstands starting October 4, 2022.

About Inc.

The World’s Most Trusted Business Media Brand, Inc. gives entrepreneurs the knowledge, tools, connections and community they need to build great businesses. Its award-winning cross-platform content reaches over 50 million people every month across a variety of channels, including websites, newsletters, social media, podcasts and print. Its prestigious Inc. 5000 list, produced annually since 1982, analyzes company data to recognize the fastest growing private companies in the United States. The global recognition that comes with inclusion in the 5000 gives founders of top companies the opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit http://www.inc.com.

About Hastings Equity Partners

Founded in 2004, Hastings Equity Partners is a lower middle market private equity firm. Hastings primarily invests institutional capital in North American founder-led companies in the industrials and business services sectors, where it has deep operating and investment experience. As a preferred financial partner, Hastings seeks to empower businesses to reach their full potential. For nearly two decades, the company has formed long-term partnerships with entrepreneurs while using a hands-on approach to help optimize operations, accelerate revenue growth, and dramatically increase equity value. For more information, visit http://www.hastingsequity.com.

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