In the new structure, Briggs and the executive team became majority stakeholders of the company. Founder Brett Hatton and Kayne Capital will maintain minority interests as a testament to their belief in the future success of Four Hands.
“The team at Kayne Capital has been exceptional to work with over the past seven years” Briggs says. “They have enabled us to make key decisions and execute a solid business strategy that has led to the tremendous growth and momentum we have achieved.”
“We have enjoyed working with Matt and the Four Hands management team. They have been superb partners,” says Doyle Burkett, a partner at Kayne Anderson. “They’ve done an impressive job of expanding the business and we believe further opportunities remain. Consequently, we are excited to continue our partnership as they lay the path for the company’s future.”
“While this deal will be remembered as a notable milestone in the history of Four Hands, it will not serve as a catalyst for any significant change in the direction we’ve been heading” Briggs says. “Simply stated, it officially puts our team in charge of our own destiny.”