Press Releases
Posted June 20, 2017

Hamilton Captive Management Has Received Growth Financing from Breakwater Investment Management

Business Services
Transaction Type
Raising Capital
Hilton Head Island, South Carolina

HOUSTON, June 20, 2017 – GulfStar Group (“GulfStar”) is pleased to announce that Hamilton Captive Management (“Hamilton” or the “Company”) has received growth financing from Breakwater Investment Management, LLC (“Breakwater”). GulfStar served as the exclusive financial and strategic advisor to Hamilton throughout the transaction, which closed on June 9, 2017.

Hamilton specializes in bringing captive insurance solutions to private companies, high-net worth individuals and families. The Company prides itself on its client-centered and customized approach to its growing base of clients.

“The GulfStar team was phenomenal — a dedicated and thorough organization that dotted every i and crossed every t,” said Peter J. Strauss, Hamilton’s Founder and CEO. “They stayed with me the entire time and never took their foot off the pedal or eye off the goal line.”

Breakwater provided a senior secured term loan through its direct lending vehicle, the Breakwater Credit Opportunities Fund, LP. Based in Los Angeles, Breakwater is a private investment firm that provides flexible debt and equity capital to growing lower middle market companies. The firm aligns itself with committed management teams, owners, and sponsors, providing creative financing solutions tailored to meet individual borrower needs. Breakwater’s managing partners have over 35 years of private company investing experience and have built the firm on a deep commitment to partnership, integrity and growth.

“This was the quintessential growth capital financing deal. Although early in its development, Hamilton has proven that it has a solid recurring revenue model with very sticky customers,” said Cliff Atherton, Managing Director at GulfStar. “Peter is an outstanding entrepreneur, and Breakwater’s financial support will enable him to continue Hamilton’s remarkable growth.”

The GulfStar transaction team consisted of Managing Directors Cliff Atherton and Tom Hargrove along with Senior Vice President Pam Reiland and Associate Charles Craig.

About GulfStar Group
GulfStar is a leading middle market investment bank headquartered in Houston. GulfStar specializes in providing merger and acquisition advisory services, institutional private placements of equity and debt, and general corporate finance advisory services to companies with revenues or enterprise values generally ranging from $25 million to $350 million. Since its formation in 1990, GulfStar has completed more than 650 transactions in 33 states and 15 foreign countries across a variety of industries.

GulfStar Group
700 Louisiana Street
Suite 3800
Houston, Texas 77002


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