Firm: Bunker Hill Capital
Fund: Bunker Hill Capital II
Target: $250 million
Amount Raised So Far: $160 million
The shop makes control investments in lower mid-market companies with enterprise values between $30 million and $150 million. Sectors of interest include industrial products, business services, specialty retail and consumer products. In October, the firm developed an operating partnership with Donald Borden Jr. to assist in the identification and acquisition of companies in the water and wastewater industry, which the firm sees as a fragmented and high-growth market. In August, Bunker Hill Capital acquired Nspro Inc., a Montreal-based provider of functional consulting services focused on SAP software architecture and configuration. No financial terms were disclosed.Bunker Hill Capital was founded in 2003 when Mark DeBlois, Robert Clark, Theresa Nibi, Charles Miller and Jason Hurd left BancBoston Capital to launch the firm. Its debut fund closed in 2005 with $125 million.