ADDISON, Texas, July 19 /PRNewswire/ — Hyphen Solutions, LP announced today the acquisition of almost 70% of the Limited Partnership interest in Hyphen Solutions, LP by a Hyphen management group led by David B. Deniger, General Partner and Chairman of Hyphen Solutions LP for the past 10 years, key management personnel and related third parties. The new investment was undertaken via a formal 30-day Tender Offer to the existing Limited Partners of Hyphen, whose original investment was part of a private equity portfolio of properties and real estate-related companies. Economic terms were not disclosed.
The majority economic and operational control of the company will be held by key management and senior executives in Hyphen Solutions. Under the new ownership David B. Deniger will continue to serve as General Partner, Chairman and majority owner of Hyphen Solutions while Clay K. Deniger, Vice Chairman will oversee strategic initiatives, Felix Vasquez will continue as President and CTO and Dan Lanier will remain Chief Financial Officer.
In addition to the stability provided by employee ownership, it will also provided substantial new resources for the continued growth of Hyphen’s product platforms.
The merging of operational control and economic ownership with senior Hyphen management insures continuity of product development, technology support and product pricing. “The investment by the management team underscores the commitment of Hyphen employees and owners to our customers and the opportunities available to the company and it will also allow us to concentrate on delivering the most compelling products in the marketplace for the foreseeable future without the liquidity demands of traditional investment funds,” said David Deniger, Chairman of Hyphen.
Felix Vasquez, President of Hyphen, added, “Our leadership position in the market is unrivaled with 9 of the Top 20 U.S. Home Builders using our products. Most of our clients now utilize our core products (BuildPro and SupplyPro) along with at least one of our newer products, which include Hyphen Inspections, Hyphen Storm Water Inspections Management, Hyphen Lien Releases, Hyphen Bidconnect, Hyphen SupplyPro Connect, and Hyphen SupplyLink.”