Andell Holdings

Andell Holdings is a private investment firm and one of the nation's leading family offices.[2][3] Andell invests directly in private and public companies and real estate, acquiring control and minority stakes, as well as with top-tier investment managers.[2][4][5] Andell's real estate platform includes a variety of investments across all asset classes and throughout the capital structure.[6] Andell has been helmed by co-founder Andrew Hauptman since its inception in 1998.

Andell Holdings
TypePrivate
IndustryPrivate equity, Holding Company,Investment Company
FounderAndrew Hauptman
HeadquartersLos Angeles, United States
Key people
Andrew Hauptman[1]

Key holdings

Chicago Fire Soccer Club

From 2007 to 2019, Andell owned Major League Soccer's Chicago Fire Soccer Club, purchasing the Club from AEG in 2007 for $35 million.[4][7] Under Andell’s ownership, the Club experienced dramatic growth, with the franchise value increasing more than eleven-fold, culminating in a sale at $400 million.[8][9]

The club was consistently recognized for its deep community engagement, including being awarded ESPN's 2019 Sports Humanitarian Team of the Year Award, the 2017 Corporate Citizen of the Year Award by the Executives' Club of Chicago, the 2016 Beyond Sport Team of the Year, winning over other finalists FC Barcelona, Arsenal FC, the San Francisco Giants, and the Detroit Pistons, and the 2015 Robert Wood Johnson Sport Team of the Year.[10][11][12]

Andell’s Chairman, Andrew Hauptman, led a complex and successful multi-year effort to move the team to downtown Chicago and Soldier Field.[13][14] In September 2019, after securing the relocation of the team downtown, Hauptman sold the Fire to Joe Mansueto, founder of Morningstar, Inc.[8]

BSN Sports

From 2007 until 2013, Andell was co-owner of BSN Sports (formerly Sports Supply Group), the largest multi-channel direct marketer, manufacturer and distributor of sporting goods, athletic equipment and team sports apparel in the United States. After acquiring an ownership stake in the publicly-traded business in 2007, Hauptman brought ONCAP Management Partners (a part of Onex Corporation) to the table, and alongside management, orchestrated a take-private transaction in 2010.[15]

In June 2013, a strategic buyer purchased BSN.[15] Andell realized more than a 4.5x gross multiple of its capital invested, representing a 67.6% gross IRR over the last three-year investment period.[16]

Storage Mobility/PODS

From 2004 through 2014, Andell founded, owned, and operated Storage Mobility, the largest franchisee of PODS Enterprises, Inc.[17]

Under Hauptman’s tenure as Chairman of the Board, Storage Mobility launched and operated PODS locations in 21 new markets across the United States.[18] In 2014, Hauptman reached an agreement to merge Storage Mobility with PODS which subsequently sold in 2015 to Ontario Teachers for $1 billion.[19]

Altas Partners

In 2013, Andell backed the launch of Toronto-based Altas Partners, Canada’s largest independent private equity firm, managing more than $9 billion in capital.[20][21] Hauptman currently serves as an advisor and founding Advisory Board member. Andell has invested alongside Altas in a number of businesses that have been successfully exited, including NSC Minerals (sold to Kissner Group);[22][23] Medforth Global Healthcare Education (sold to Carlyle Group);[24][25][26] and Capital Vision Services/MyEyeDr, representing 165 optometry centers serving 1.8 million patients in seven states.[27][28][29] MyEyeDr grew to 575 practices in 18 states and was sold to Goldman Sachs for $2.7 billion.[27] Andell has also invested alongside Altas in many of its current investments, including Hub International, a leading insurance broker;[30] University of St. Augustine, a physical and occupational therapist educator;[31] DuBois Chemicals, a specialty chemical provider;[32] and Unified Women’s Healthcare, the largest ob-gyn physician practice management company in the U.S.[33]

Real estate

Andell's real estate platform includes a variety of investments across all asset classes and throughout the capital structure.[6] In 2013, San Francisco-based Ridge Capital Investors and an affiliate of Andell’s bought a 105-unit LeSarra apartment building for $22.8 million.[34] In 2014, Pacific Capital sold the 136-unit Sierra Ridge apartment building in Roseville, CA to Ridge Capital Investors and an affiliate of Andell’s for $18 million.[35]  In 2020, Stos Partners and an affiliate of Andell’s  bought a 227,160 SF industrial building in Tolleson, AZ for $16.35 million.[36] In 2022, Ridge Capital Investors and Andell’s acquired a two-property apartment portfolio totaling 444 units in the East Bay section of Northern California.[37]  Also in 2022, Stos Partners and an affiliate of Andell’s bought a 35,000 SF industrial building in Signal Hill, CA for $8.4 million.[38]

Key people

Andrew Hauptman is co-founder and chairman of Andell Holdings.[39][40]

References

  1. "Company Overview of Andell Holdings, LLC". Bloomberg Businessweek. Archived from the original on December 3, 2013. Retrieved 30 November 2013.
  2. "People". www.altas.com. Retrieved 2023-02-10.
  3. "Who We Are". The Charles Bronfman Prize. Retrieved 2023-02-10.
  4. Gentile, Gary (2007-09-06). "Andell Holdings Buys MLS' Chicago Fire". ISSN 0190-8286. Retrieved 2023-02-10.
  5. "Andell Holdings LLC - Company Profile and News". Bloomberg.com. Retrieved 2023-02-10.
  6. "Ridge Capital acquires 444-unit San Francisco Bay Area multifamily portfolio". Yield PRO. 2022-02-03. Retrieved 2023-02-10.
  7. "Hauptman has the Fire for running MLS club". www.sportsbusinessjournal.com. Retrieved 2023-02-10.
  8. Smith, Chris. "Billionaire Joe Mansueto Completes Purchase Of Chicago Fire At $400 Million Valuation". Forbes. Retrieved 2019-11-12.
  9. Rivera, Paul Tenorio and Guillermo. "Andrew Hauptman sells Chicago Fire to minority owner Joe..." The Athletic. Retrieved 2019-11-12.
  10. "Chicago Fire Soccer Club Honored by Chicago Charity Challenge | Chicago Fire FC". chicagofirefc. Retrieved 2023-02-10.
  11. "Chris Long, MLS' Fire win Humanitarian awards". ESPN.com. 2019-07-10. Retrieved 2023-02-10.
  12. "Chicago Fire Soccer Club Named ESPN's Sports Humanitarian Team of the Year | Chicago Fire FC". chicagofirefc. Retrieved 2023-02-10.
  13. "Chicago Fire owner Andrew Hauptman sells majority stake in MLS franchise - SportsPro Media". www.sportspromedia.com. Retrieved 2019-11-12.
  14. Mikula, Jeremy. "Chicago Fire reach deal with Bridgeview to leave SeatGeek Stadium for $65.5 million". chicagotribune.com. Retrieved 2019-09-06.
  15. "BSN SPORTS to Merge With Herff Jones". GlobeNewswire News Room. 2013-05-16. Retrieved 2023-02-10.
  16. "BSN Sports". www.oncap.com. Retrieved 2023-02-10.
  17. "PODS Enterprises buys its largest franchisee". Tampa Bay Times. Retrieved 2023-02-13.
  18. "PODS Enterprises, Inc. to purchase assets of Storage Mobility, LLC, the nation's largest PODS franchisee". www.prnewswire.com. Retrieved 2023-02-13.
  19. "Ontario Teachers buys PODS from Arcapita for $1 billion". financialpost. Retrieved 2023-02-13.
  20. Jain, Aman (2020-11-20). "These Are The Biggest Private Equity Firms In Canada - ValueWalk". Retrieved 2023-02-13.
  21. "About Us". www.altas.com. Retrieved 2023-02-13.
  22. "Kissner Group Holdings Acquires NSC Minerals from Altas Partners". Bloomberg.com. 2019-01-17. Retrieved 2023-02-13.
  23. "Kissner Group Buys Private Equity-Backed Salt Producer NSC Minerals". Wall Street Journal. 2019-01-22. ISSN 0099-9660. Retrieved 2023-02-13.
  24. Witkowsky, Chris (2019-04-24). "Altas, former Onex exec's shop, raises more than $2 bln for next long-life PE fund". Buyouts. Retrieved 2023-02-13.
  25. "Medforth Global Healthcare Education". www.altas.com. Retrieved 2023-02-13.
  26. "Medforth Global Healthcare Education | Carlyle". www.carlyle.com. Retrieved 2023-02-13.
  27. Gottfried, Miriam. "Goldman Unit to Buy Manager of Optometry Practices". WSJ. Retrieved 2023-02-13.
  28. Gelsi, Steve (2015-08-24). "Altas Partners, Caisse de depot buy stake in Capital Vision Services". Buyouts. Retrieved 2023-02-13.
  29. "Capital Vision Services receives equity investment from Altas Partners and CDPQ". CDPQ. 2017-03-14. Retrieved 2023-02-13.
  30. "Minority Investment By Altas Partners". www.hubinternational.com. Retrieved 2023-02-13.
  31. "Laureate Education, Inc. Agrees to Sell University of St. Augustine for Health Sciences to Altas Partners". Laureate. 2018-04-04. Retrieved 2023-02-13.
  32. "Altas Partners to Acquire DuBois Chemicals". www.businesswire.com. 2019-08-28. Retrieved 2023-02-13.
  33. Pringle, Sarah (2020-11-05). "Altas joins Ares as investor in Unified Women's Healthcare". PE Hub. Retrieved 2023-02-13.
  34. "LeSarra bought by San Francisco investment group". www.bizjournals.com. Retrieved 2023-02-13.
  35. "Ridge Capital Investors Joint Venture Acquires Roseville, California Apartment Property". The Registry. 2014-07-08. Retrieved 2023-02-13.
  36. "10300 W Buckeye Rd – Tolleson, AZ – Stos Partners". Retrieved 2023-02-13.
  37. Borl, Kelsi Maree (February 4, 2022). "Ridge Capital Investors Continues Bay Area Buying Spree". GlobeSt. Retrieved 2023-02-13.
  38. "2301 Redondo Avenue – Signal Hill, CA – Stos Partners". Retrieved 2023-02-13.
  39. Major League Soccer's Billionaire Owners Nov 20, 2013
  40. Octavia Spencer, Stacey Snider, Carly Rae Jepsen Help Raise $1.5M at City Year Spring Break April 26, 2015


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