LCG Represents Hawkins Service Company in its sale to Devonshire Partners
Tampa, FL (July 2022) – LCG Capital Advisors, LLC (“LCG”) is pleased to announce the recent sale of Hawkins Service Company (“Hawkins”), a privately-owned multi-disciplinary contractor providing electrical, HVAC, plumbing, gas and specialty pool services to the West coast of Florida to Devonshire Partners. LCG served as the exclusive financial advisor to Hawkins for this transaction.
“Last year we began searching for a partner to help us grow and enhance Hawkins Service Company’s position as a best-in-class service provider. We chose Devonshire Partners because of their unique model which will help us establish and execute a long-term strategy and growth plan. Devonshire believes in preserving our core values and culture allowing Hawkins to continue its focus on personal growth of our team members and superior customer service,” commented Eric Haeck, owner and CEO of Hawkins.
Jay Clark, Senior Managing Director at LCG, commented, “LCG is very proud to have worked with Eric to successfully find a terrific strategic partner for Hawkins . Hawkins’ partnership with Devonshire will provide the capital and resources needed for Hawkins to accelerate their growth in the years to come, while maintaining the culture of the Company that Eric has cultivated over the years. It is a true win – win for all parties”
Shahzad Khan, Managing Partner at Devonshire further commented, “We’re excited to be partnering with Eric and the Hawkins team. When Eric and I first started talking, he made it clear to me that preserving the culture, team, and customers Hawkins has built would be his first priority in any transaction. I’m proud to say that I think we’ve accomplished that, especially with Eric remaining a large shareholder and continuing to lead the business into the future. We’re looking forward to building on Hawkins’ momentum for its customers and employees and accelerating its growth as a leading home services business in Central and West Florida.”
About Hawkins Service Company
Hawkins Service Company is a multi-disciplinary contractor providing electrical, HVAC, plumbing, gas and specialty pool services to the West coast of Florida. The Company provides its services to both commercial and residential customers, serving thousands of active residential homeowner accounts in addition to over 40 active commercial accounts. The Company’s reputation within its niche service offerings has led to a significant repeat business and new customer referrals from existing accounts. The Company’s niche service offerings also help it to maintain significant market share within its core verticals.
About Devonshire Partners
Devonshire Partners is a private investment firm that focuses on founder and family-backed businesses in the United States. Devonshire looks for companies where traditional institutional capital is not a fit due to investment horizons, seller preferences, and/or transaction complexity.
The firm’s mission is to partner with owners and managers and help their businesses achieve new, higher levels of success and influence. Devonshire brings not only capital but also a team of seasoned operating executives with personal experience helping businesses improve and grow.
Devonshire is a solution for business owners who are seeking strategic advice, personal liquidity, and a friendly, long-term partner. The firm is currently focused on investing in operating companies with annual EBITDA of $3 to $10 million.
About LCG Capital Advisors, LLC
With offices in Tampa, FL, LCG is a boutique investment banking firm that assists companies in a wide range of transactions including mergers and acquisitions, corporate debt placements, growth capital, management and leveraged buyouts, and transaction advisory services. LCG has a reputation for handling complex transactions and has built relationships with some of the nation’s most active private equity firms, family offices, and funding sources.
For more information regarding LCG Capital Advisors, LLC, a FINRA registered broker-dealer and SIPC member firm; please call (813) 226-2800 or visit www.lcgadvisors.com.
