Board of Directors and Ownership
In July 2011, Hart received what Hart described as "a strategic investment" from H.I.G. Capital, in a transaction that Hart's advisors called an "acquisition."
As of October 2012, the Board has five members: Gregg Burt, Chairman; Phillip Braithwaite, Chief Executive Officer; Neil Tuch, Managing Director, H.I.G. Capital; Jeff Bohl, Principal, H.I.G. Capital; and Amanda Kalin, Associate, H.I.G. Capital. HIG controls 3 out of 5 board seats.
Two of the H.I.G. Directors that work for H.I.G., Neil Tuch and Jeff Bohl, have previously made contributions to presidential campaigns – Neil Tuch contributed to both the Obama and Romney campaigns prior to H.I.G.’s investment in Hart InterCivic, and Jeff Bohl contributed to the Romney campaign in 2011. As of October 2012, H.I.G. is the 11th largest of all the contributors to the Romney effort.
H.I.G. counts Solamere Capital as a minor investor in one of its funds. Solamere Capital is an investment firm founded by Mitt Romney's, son, Tagg Romney, and Spencer Zwick, Mitt Romney's campaign finance chair and in which Mitt Romney's brother, Scott, and Mitt Romney's wife, Ann, and Mitt Romney himself has invested, and which is run by Tagg Romney. Solamere is not invested in the specific H.I.G. fund that has an investment in Hart InterCivic.
Read more about this topic: Hart Inter Civic
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