Hammond, Kennedy, Whitney & Company, Inc. Announces Recapitalization of Health Resources, Inc.
Indianapolis, IN – December 3, 2015 – Hammond, Kennedy, Whitney & Company, Inc. (“HKW”) announced that it closed on the recapitalization of Health Resources, Inc. (“HRI” or “Company”) on December 3, 2015. HRI, headquartered in Evansville, Indiana, is a leading provider of dental benefit programs to employers across Indiana and Kentucky. For additional information on the Company, please visit https://www.insuringsmiles.com/.
Dr. Allan Reid, President of HRI, stated, “The alliance with HKW will provide HRI the opportunity to acquire the necessary tools and discipline to facilitate the growth and expansion of the Dental Health Options brand in the dental insurance market. We look forward to the partnership with HKW and the future growth and strengthening of our Company.”
“Dr. Reid and his team have built a tremendous organization and we are excited to partner with a strong, Indiana-based business,” said Luke Phenicie, Lead Transaction Partner at HKW. “Their management team and culture embody the core values that we look for at HKW. We believe HRI’s industry is poised for future growth and are looking forward to a successful partnership.”
HRI was represented by Periculum Capital Company, LLC in this transaction.
HKW is a private equity firm founded in 1903 with offices in Indianapolis and New York. Since 1982, HKW has sponsored 50 platform transactions of lower middle-market companies throughout North America, as well as 55 add-on acquisitions. For further information on HKW, please visit www.hkwinc.com.