HOUSTON (December 31, 2016) —Rock Hill Capital Group LLC ("Rock Hill"), a Houston-based private equity firm, is pleased to announce the final closing of Rock Hill Capital III, LP (“Rock Hill Capital III”) with $150.6 million in capital commitments. Rock Hill Capital III commitments exceeds its previous funds, Rock Hill Capital II, LP, a 2013 vintage fund with $87.7 million in commitments and Rock Hill Capital I, LP, a 2008 vintage fund with $48.8 million in commitments. Rock Hill Capital III will continue to pursue a similar investment strategy, focusing on buyouts and recapitalizations of industrial products and service companies.
Since inception, Rock Hill has invested in fifteen operating companies. These investments include businesses operating across a broad cross-section of the industrial product and services sectors including: energy, pipeline/midstream, petro-chemical/refining, water/environmental and infrastructure.
“We are pleased to report a successful close to our third fund,” said Randy Hale, Rock Hill’s Founder and Managing Director. “We appreciate the confidence of our existing investors who recommitted to invest with us and we are excited about the new relationships we have established in our latest fund raise. We look forward to continuing to build our firm and our portfolio of successful entrepreneurial businesses.”
Rock Hill, founded in 2007, is a private equity firm that partners with entrepreneurial owners seeking the capital and strategic guidance necessary to help them achieve desired growth. Rock Hill makes control and growth investments in profitable companies generating approximately $4.0 million to $10.0 million in EBITDA.
Rock Hill engaged Aqueduct Capital Group as its primary placement agent for Rock Hill Capital III. Proskauer Rose LLP provided legal counsel during the formation of Rock Hill Capital III.