BNET Industries

Last Fiscal Year Sales:$2.5M
  • Public
  • US
Dow Jones Description

Harbor Acquisition Corporation, a special purpose acquisition company, is organized to acquire one or more companies in the consumer product or industrial product industries. Our target acquisition will include domestic and international companies with operating cash flow between $15 and $40 million. Harbor Acquisition Corporation's management, director, and advisor team ("Team") have significant consumer and industrial operating experience as well as private equity experience. The Team has held executive roles in several recognized companies such as Cadbury Schweppes, Ocean Spray Cranberries, GTE, Conrac, Triarc Beverages, and Witco Corporation.

President and Director
David A.R. Dullum
Number of Employees 2
Contact Information

1 Boston Pl Ste 3630

Boston, Massachusetts 02108

harboracquisiti...

(617) 624-8409

NAICS Code Miscellaneous Financial Investment Activities: 523999

News & Analysis

acquisition and harbor acquisition corp. - All News and Analysis

Decision Makers

Name (plus bio) Position
David A.R. Dullum President and Director
Todd A. Fitzpatrick CFO, Chief Accounting Officer & Vice President
Stephen Gray Managing General Partner
Andrew M Weiss

Board of Directors

Name (plus bio) Position
John Carson Chairman and Director
John Jellinek Board of Directors
Thomas E Bullock Board of Directors

David A.R. Dullum has been our President, Secretary and a director since our inception. Mr. Dullum has more than 30 years of professional investment experience and is a principal and general partner of New England Partners, a private equity firm based in Boston. As a principal and managing general partner at New England Partners, Mr. Dullum has been responsible with other managing general partners for overseeing the raising of pools of capital and for identifying and structuring investments in and acquisitions of operating companies. From 1976-1990, he was a Managing General Partner of the Chicago-based private equity firm Frontenac Company. During his 14 year tenure at Frontenac, he was instrumental in increasing funds under management from $3 million to over $250 million. As a managing general partner at Frontenac, Mr. Dullum was also responsible with other managing general partners for overseeing the raising of pools of capital and identifying and structuring investments in and acquisitions of operating companies. Mr. Dullum serves as a director of Simkar Corporation, a manufacturer of industrial and consumer lighting products and Fetco Home Decor, Inc., a designer and manufacturer of home decor products. He also serves as a director of three publicly traded companies: Gladstone Capital Corp. (NASDAQ:GLAD); Gladstone Commercial Corp. (NASDAQ:GOOD); and Gladstone Investment Corp. (NASDAQ:GAIN) and is the Audit Committee Chair for GLAD and GAIN. He has lectured on venture capital at the J. L. Kellogg Graduate School of Management, Northwestern University, and was a member of the Board of Trustees of the Stanford Graduate School of Business Trust and former Chairman of the National Association of Small Business Investment Companies. Mr. Dullum holds a B.M.E. from Georgia Institute of Technology and an M.B.A. from Stanford Graduate Business School.

Organization Position Status
Harbor Acquisition Corporation President and Director Current
New England Partners Principal and General Partner Current
Gladstone Investment Corporation President and Director Current
Gladstone Investment Corporation Board of Directors Current
Gladstone Capital Corp Board of Directors Current
SIMKAR Corporation Director Current
Gladstone Management Corporation Senior Managing Director Former
Frontenac Company Managing General Partner Former
NBI, Inc. Actively Involved Former
DeVry Incorporated Actively Involved Former
Anatel Corporation Actively Involved Former
Intelligent Systems Corporation Actively Involved Former
STERIS Corporation Actively Involved Former
National Association of Small Business Investment Companies Chairman Former
Gladstone Management Corporation Board of Directors Former
Stanford Graduate School of Business M.B.A. Former
Georgia Institute of Technology B.M.E. Former

Organization Position Status
Harbor Acquisition Corporation CFO, Chief Accounting Officer & Vice President Current
New England Partners Principal Current
PricewaterhouseCoopers Principal Former
Coopers & Lybrand, L.L.P. Senior Associate Former
Northeastern University M.B.A. Former
Bowdoin College B.A. Former
Northeastern University Degree Former

Stephen Gray is the Founder and Managing Principal of TRG. He has more than 30 years experience developing and implementing restructuring and crisis management plans for public and private companies, general creditors, secured parties, acquirers of non-performing companies and judicial bodies. Prior to forming TRG, Stephen was President of Gray and Company, a professional service firm specializing in turnaround and workout consulting. He also served as Vice President for Exeter Management Corp., a firm specializing in consulting for distressed businesses and as member of the Corporate Development Staff at Arthur D. Little. Stephen has worked as turnaround consultant and crisis manager in a wide variety of industries, including health care, high technology, retail, distribution, financial services, and the manufacturing and process industries. He has performed operational and financial restructurings for hundreds of companies. He is well known to the financial and legal communities for his work as a fiduciary. He has served as Chapter 11 trustee, post confirmation trustee, court appointed examiner or receiver in numerous situations for more than twenty years. Stephen is a member of the American Bankruptcy Institute and the Turnaround Management Association, and holds a BS from George Washington University and a MS in mechanical engineering from Tufts University.

Organization Position Status
TRG, Inc. Founder Current
Harbor Acquisition Corporation Managing General Partner Current
Harbor Acquisition Corporation Board of Directors Current
Turnaround Management Association Member Current
Tufts University Ms In Mechanical Engineering Former
The George Washington University Bs Former

Mr. Carson became a Director of our Company on August 12, 2005 and the Chairman of the Board on March 15, 2006. From 2000 to February 2005, Mr. Carson served as Chairman and Chief Executive Officer of Marbo, Inc., a privately held investment firm that invests in and acquires companies in the consumer product sector. From 1993 to 1999, he served as Chairman of Triarc Beverage Group, and as President and Chief Executive Officer of Royal Crown Company, both subsidiaries of Triarc Companies, Inc. that sold brand name beverages including Royal Crown, Snapple, Mistic Brands and Stewart's Root Beer. From 1967 to 1993, Mr. Carson served in various positions with Cadbury-Schweppes N.A., including its President from 1984 to 1993. Mr. Carson is a graduate of the College of Commerce, Birmingham and the London Business School.

Organization Position Status
Harbor Acquisition Corporation Chairman and Director Current
Royal Crown Company Inc. Chairman Current
Royal Crown Cola Co. Chief Executive Officer Former
Marbo, Inc Chief Executive Officer Former
Royal Crown Cola Co. President Former
Marbo, Inc Chairman Former
Triarc Companies, Inc. Chairman Former
London Business School Former

Organization Position Status
Harbor Acquisition Corporation Current

Organization Position Status
Jelco Ventures President Current
Aspen Valley Hospital Director Current
Harbor Acquisition Corporation Board of Directors Current
University of Chicago MBA Former
Miami University B.S. Former

Organization Position Status
Copico Director of the Company Current
Multi-Housing Laundry Director of The Company Current
Laundrylinx', 'Techlinx', 'Ventsnake Director of the Company Current
The Coin-O-Matic Company Director of the Company Current
Hof Laundry Systems Director Current
The Coin-O-Matic Company Board of Directors Current
ClearSource, Inc. Director Current
Cmo Group, Inc Vice Chairman Current
Copico Board of Directors Current
Mac-Gray Corporation Board of Directors Current
Intelligent Laundry Director Current
Harbor Acquisition Corporation Board of Directors Current
Laundrylinx', 'Techlinx', 'Ventsnake Board of Directors Current
Mac-Gray Customer Service Introduction Board of Directors Current
Ocean Spray Cranberries, Inc. CEO Former
Ocean Spray Cranberries, Inc. President Former
Ocean Spray Cranberries, Inc. Executive Vice President and Chief Operating Officer Former
Multi-Housing Laundry Committee Member Former
Avedis Zildjian Company Former
Welch Foods Inc. Former
St Joseph's College B.S. Former
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