Company Information
Huntington Holdings, Inc. was initially formed with venture capital funded by Chemical Venture Partners (now J.P. Morgan Partners, LLC). From its founding in 1987 until 1994, Huntington Holdings was headquartered in One California Plaza at 300 South Grand Avenue in downtown Los Angeles. In 1994 the offices moved across the street to its long time location on the 67th floor of the prestigious U.S. Bank at 633 West 5th Street. Throughout its history, the Company philosophy has been to maintain a stable and visible presence in the heart of the major financial center in California.
Between 1987 and 1990, Huntington Holdings purchased sixteen operating companies for its own account with combined annual sales of $400 million, ranking it among the 50 largest privately-held companies headquartered in California. Chemical Venture Partners' interest in Huntington Holdings was redeemed in 1991, with their last co-investment with Huntington Holdings brought to a profitable liquidity event in 1997. The two companies maintained their relationship until after the merger of Chemical Venture Partners with The Chase Manhattan Corporation in 1996.
From 1991 to 2005, Huntington Holdings has also provided capital formation, investment banking, and financial advisory services to middle-market companies and their stockholders. During that time, Huntington Holdings has achieved a record success ratio in attaining the goals and objectives of its engagements.
In order to expand its merchant and investment banking activities, Huntington Securities, LLC was formed in 2001 to focus solely on the agency activities of Huntington Holdings' investment banking business. Huntington Securities, LLC has been a registered Broker Dealer with the National Association of Securities Dealers, Inc. (NASD). It concluded its operations in 2005.
Commensurate with the change in Huntington's investment focus, in 2006 it moved to Burbank, California to be closer to its employees' homes.
Timeline of Significant Events
1987:
Huntington Holdings, Inc. (HHI) formed
Tri-Power Partners formed as an affiliate of HHI
Bianchi International acquired by Bianchi Holdings, Inc., an affiliate of HHI
Gregory Mountain Products acquired as a division of Bianchi International
Tubing Seal Cap Company acquired by Pacific Precision Metals, Inc., an affiliate of HHI
La Verne Metal Products acquired by Pacific Precision Metals, Inc., an affiliate of HHI
Short Run Stamping acquired by Pacific Precision Metals, Inc., an affiliate of HHI
1988:
Unitek Corporation Equipment Division acquired by Weldmatic Corporation, an affiliate of HHI
Exhibit Crafts, Inc. acquired by ECI Acquisition, Inc., an affiliate of HHI
International Expo Service, Inc. acquired by IES Acquisition, Inc., an affiliate of HHI
The Union Fork and Hoe Company acquired by The Vision Hardware Group, Inc., an affiliate of HHI
Buffalo Tool Corporation acquired by The Vision Hardware Group, Inc., an affiliate of HHI
VSI Fasteners, Inc. acquired by The Vision Hardware Group, Inc., an affiliate of HHI
McGuire-Nicholas Manufacturing Company merged with The Vision Hardware Group, Inc., to form The Better Vision Hardware Group, Inc., an affiliate of HHI
1989:
Empco Industries, Inc. acquired by E.D. Acquisition Corporation, an affiliate of HHI
Fairchild Industrial Products Company acquired by F.I.P.C. Holding Corporation, an affiliate of HHI
1990:
The Exhibit Place acquired by Tepco Holdings, Inc., an affiliate of HHI
Exhibit Pro acquired by Tepco Holdings, Inc., an affiliate of HHI
Hadbar Division of Purosil, Inc. acquired by Purosil Holdings, an affiliate of HHI
1992:
Omni Engineering, Inc. acquired by Data Design Laboratories, Inc., an affiliate of HHI
1994:
Corwin Finance Company, Inc. formed as financing affiliate of HHI
1996:
Corwin Real Estate formed as affiliate of HHI
1998:
Yahoo! Computer Packs formed as affiliate of Bianchi International
1999:
P & H Lashing, Inc. and its affiliates, Peck & Hale, Inc. and AFCAM Realty Corporation, acquired by Peck & Hale, LLC and P & H Group, Inc., affiliates of HHI. Jack Corwin and Huntington Holdings Inc. sold their interests in September, 2002.
HHI begins actively investing in Public Securities
2000:
Arby, LLC formed as an affiliate of HHI
HHI acquired minority interest in eConnections, Inc.
2001:
Accucase, LLC formed as affiliate of Bianchi International
Huntington Securities, LLC formed as affiliate of HHI
2004:
Arby, LLC was closed
Bianchi International was sold to Armor Holdings (NYSE: AH)
Gregory Mountain Products sold to AH Products Company.
2005:
Huntington Securities LLC was closed
HHI files its first 13D Statement
Options enhanced investment strategy fully deployed
2006:
Moved to Burbank, California
Market neutral hedging strategy fully deployed
Real Estate investments initiated by buying property at a foreclosure auction
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