Hardin Industries

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Hardin Industries - overview

Established

1979

Location

-, IL, US

Primary Industry

Power & Utilities

About

Hardin Industries is a specialized provider of power packaging solutions, offering custom enclosures, fuel tanks, power modules, trailers, and E houses tailored for energy, telecommunications, and infrastructure sectors. Hardin Industries, founded in 1979, operates out of Lacon, US, and focuses on delivering power packaging solutions. The company was acquired by Millstone Capital Advisors in August 2016, and has since continued to enhance its product offerings. Becki Salmon serves as the CEO, bringing valuable experience to the firm.


Hardin Industries, LLC specializes in providing comprehensive power packaging solutions, focusing primarily on custom enclosures, UL 142 & UL 2085 fuel tanks, power modules, trailers, and E houses for switchgear. These products are designed to meet the specific needs of various industries, particularly in energy, telecommunications, and infrastructure sectors. Hardin's custom enclosures serve as protective housing for sensitive electrical components, ensuring longevity and reliability in diverse environmental conditions. Additionally, their fuel tanks are engineered for safe storage and handling of fuels, catering to clients requiring compliance with stringent regulatory standards.


The company delivers its products primarily to commercial clients and contractors across multiple geographical markets, including the Midwest, Southeast, and West Coast regions of the United States. Hardin Industries generates revenue through direct sales of its specialized products to B2B clients, including contractors, utilities, and large-scale industrial firms. Revenue transactions typically occur on a project basis, where clients request custom solutions tailored to their operational needs, often resulting in substantial order sizes. The company structures its pricing around individual contracts, where flagship products such as custom enclosures and fuel tanks are sold at competitive rates based on specifications and material requirements.


Additionally, partnerships with distributors or resellers may enhance the reach of their products, further contributing to their revenue streams. This transactional model emphasizes the importance of quality service and customer satisfaction in retaining long-term business relationships. Looking ahead, Hardin Industries plans to introduce new products that enhance its existing offerings, although specific launch dates have yet to be announced. The company is also targeting expansion into new geographic regions, aiming to penetrate markets in the Northeast and Southwest by 2025.


The acquisition by Millstone Capital Advisors in August 2016 allows Hardin Industries to leverage additional resources to support these initiatives, focusing on product development and market outreach.


Current Investors

Millstone Capital Advisors

Primary Industry

Power & Utilities

Sub Industries

Power Generation Equipment & Services

Website

https://www.hardinindustries.com/

Verticals

Manufacturing

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Hardin Industries - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedHardin Industries-

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