GHJ’s Transaction Advisory Services (TAS) Practice provided industry expertise to a leading investment firm during a recapitalization, playing a role in the successful transaction. Corbel Capital Partners (Corbel) recently recapitalized Human Active Technology, LLC (HAT) to assist the company’s growth and technology enhancement. 

Corbel, a Los Angeles-based independent investment firm, partnered with HAT to aid its next phase of growth and innovation. HAT is a Pennsylvania-based company that designs and manufactures workspace products. The transaction was completed with the support of Armory Securities, who served as the financial advisor to HAT. 

Since 2013, Corbel has been making structured debt and equity investments in lower market businesses. The company currently manages over $1 billion of institutional capital across multiple funds on behalf of its network of investors. 

HAT specializes in workspace products, such as monitor arms, workstations and power solutions, with an emphasis on ergonomics and wellness for its consumers.

GHJ’s team provided Corbel with advisory support and financial due diligence, including Quality of Earnings reporting, net working capital analysis, and debt and debt-like analyses, throughout the transaction process. 

“This transaction supports Human Active Technology’s ability to scale while maintaining its focus on performance and innovation,” said Maria Shoemaker, a member of GHJ’s TAS Practice. “We were proud to support Corbel Capital Partners in identifying strategic opportunities and driving value creation.”

For more information about GHJ’s TAS Practice, visit: https://www.ghjadvisors.com/services/advisory-services/transaction-advisory-services.