Tampa, Florida – May 10, 2022 - Hyde Park Capital, a premier investment banking firm specializing in mergers and acquisitions, today announced that it has acquired the investment banking arm of CAVU Capital, a local private investment firm that is also headquartered in Tampa. The acquisition marks a significant addition to Hyde Park Capital’s breadth and depth of expertise in the technology and software services sector that strongly positions the firm for additional growth within this industry.
As part of the transaction, Michael Johnson, Managing Director, CAVU Capital, will join Hyde Park Capital as Managing Director and focus on Hyde Park’s technology practice as well as on the firm’s overall business development efforts. In addition, Barry Shevlin, CEO, CAVU Capital, will join Hyde Park Capital as a Senior Technology Advisor to Hyde Park Capital’s technology investment banking team while retaining his role as CEO at CAVU Capital.
John H. Hill Jr., Senior Managing Director, and co-founder of Hyde Park Capital commented, “Both Barry Shevlin and Michael Johnson are well known, successful business leaders in the Tampa Bay and broader Florida markets and we are very excited to have them now formally joining our Hyde Park Capital investment banking team.”
“Michael Johnson is a highly experienced and outstanding career investment banker with tremendous success at CAVU and other firms where he’s worked,” added Hill. “Michael has completed numerous transactions across multiple industry sectors and most recently while at CAVU has specifically focused on the software and technology services sector. Michael has extensive relationships in the private equity community and among top professionals- attorneys, accountants, bankers, and wealth managers- active in the M&A community. He will be a highly valued addition to our overall business development and execution efforts and senior leadership of the firm.”
Shevlin will continue to lead a principal investment initiative at CAVU Capital, which will be closely connected to Hyde Park Capital. CAVU Capital will become exclusively focused on investment and buyout opportunities in the small-cap technology sector and work closely with Hyde Park Capital in connection with this investment effort.
“Barry Shevlin is an exceptional talent in the technology sector with deep domain knowledge in the software and tech services sectors and considerable experience both as a technology entrepreneur and operator, and as a recognized leader in the Tampa Bay technology ecosystem,” Hill added. “Barry is also well known to us at Hyde Park Capital as a longtime friend and client. Notably, Barry founded and managed Vology, a Tampa Bay-based IT service provider that grew to reach over $175 million in annual revenues during his tenure as CEO and before he exited.”
"We're excited about the Hyde Park team acquiring our investment banking practice and what that means for our clients and prospective clients given their 22-year investment banking history of closing highly successful transactions " said Shevlin. "We’re finding new and innovative ways for our firms to work together, and I look forward to working with the Hyde Park bankers on their mandates in the technology sectors that I’ve spent my career working within. We have already identified several specific situations where the CAVU Capital-Hyde Park relationship will benefit our clients.”
“Both firms have been extremely busy in this active market, and this combination will help to better serve our clients and future clients,” said Johnson. “These teams are well aligned, and we look forward to continued growth as we build out the combined organization.”
With the addition of CAVU Capital, Hyde Park Capital will now have more than fifteen investment bankers working across the technology and software, healthcare, business, financial, and industrial services sectors. The investment banking firm has closed eight sell-side M&A transactions in the past 9 months that have totaled more than $300 million in aggregate transaction value.
About Hyde Park Capital
Hyde Park Capital is an institutionally focused investment banking firm specializing in mergers and acquisitions and serving the corporate finance needs of middle-market public and private companies. Its principals have extensive investment banking experience executing merger and acquisition engagements, including the purchase and sale of company assignments, recapitalizations, financial advisory services, and fairness opinions, and raising growth capital and acquisition financing for companies, including equity, mezzanine, and senior debt. Hyde Park Capital has deep industry experience across multiple sectors including technology & software, healthcare, industrial services and manufacturing, business services, financial services, and consumer. Hyde Park Capital is headquartered in Tampa, Florida, and is a member of FINRA and SIPC. For additional information, please visit www.hydeparkcapital.com.
About CAVU Capital
CAVU Capital is a private investment firm founded in 2020 and headquartered in Tampa, FL. CAVU makes investments in emerging and mid-market technology companies and takes an active role in helping management create and execute a plan to grow. For more information, visit www.cavucapital.com.