HKW has a singular focus in the private equity world. We invest in small to mid-sized growth-oriented companies in the U.S. and Canada.
While HKW typically invests in control equity positions in growing companies, our focus is truly on helping these businesses succeed rather than crowding out other shareholders. We are seeking partners with whom we can grow a business together.
As President & Chief Executive Officer of Hammond, Kennedy, Whitney & Company, Inc. (“HKW”), I invite you to learn more about our rich history and unique culture. From the start of our predecessor merchant banking firm in New York City in the early 1900’s to developing strong Midwestern roots in Indianapolis, one thing has remained constant:
Integrity defines all that we do at the firm. We seek to ensure that our interactions with all stakeholders, including everyone from business owners to our own team members, are marked by transparency and honesty. We pride ourselves on fair dealings and work hard to protect
HKW takes pride in its differentiation from other private equity firms. While many competitors preach a partnership model with their portfolio companies, we believe we are effective in putting that idea into practice.
We strive to give our management teams the autonomy to succeed combined with the full operational support of our team. We are always working together to seek positive outcomes for all parties involved.
Our firm has transformed over the years from a boutique merchant bank to an institutional private equity firm. Through this evolution, we have always believed in the power of our core principles, but remain open to adaptation and change. We encourage a culture of continuous improvement, as we believe that there is always room to progress as a firm and as individuals.
I look forward to extending the legacy of HKW as we continue to grow, while maintaining our dedication to the core philosophies that have
led us here.
HKW was established in 1903 as a merchant bank for wealthy families. The company was founded by Paul Hammond, a gifted and well-connected Harvard graduate who brought his love for the sea as well as his financial expertise to HKW. In 1947, Robert J. Kennedy joined the firm and expanded the firm’s expertise to include mergers and acquisitions. The firm continued to expand in the 1970s with the addition of Ralph “Roy” Whitney. The partners were advisors in the mergers and acquisitions world before supporting their first management buyout in 1982, which was the first step towards the private equity firm HKW was to become.
The next decade brought continued change as HKW shifted its course and ventured into the world of private equity. This shift led to the opening of a new office in Indianapolis. In 1993, Glenn Scolnik joined HKW and was named President and CEO in 1998.
Glenn and his team continued to grow the firm’s presence in the private equity world and transitioned to an institutional investing state. Jeff Wood, a former portfolio company CEO, led the team from 2009 until 2014 and continued guiding the firm towards its current model.
HKW has gradually expanded the partnership and created dedicated teams for each function in the firm. Today, HKW has individuals committed to deal sourcing, transactions, operations, exits, and administration. We believe in the power of expertise within our individual domains, but collaborate as a team to drive results both internally and for our portfolio companies.
Ted Kramer now leads the firm as its President & CEO. Many of the partners have been with the firm for over 15 years, working together to improve the firm as it has evolved over time.
While many things have changed over the years, our philosophy has remained constant: we always seek to conduct ourselves with integrity and honesty, while expecting the same qualities from the people with whom we do business.