Brett Craig, a former Hidden Harbor Capital Partners LLC executive, will lead the newly launched lower-middle-market private equity firm Everglades Equity LLC as managing partner.
The newly established firm will make majority investments in North American businesses in value-added distribution, facilities services, industrial services and human capital management, among other sectors. It will target founder- and family-owned companies with EBITDA of between $3 million and $8 million.
Craig most recently was a principal at Hidden Harbor, and he previously worked at other buyout firms including Blackstone Group Inc., H.I.G. Capital LLC and Quad-C Management Inc.
The Miami-based firm also launched Everglades Equity Conservation Fund, a philanthropic investment vehicle whose profits will be funneled toward charities focused on the conservation of the Florida Everglades wetlands.