Fundz

Harbert acquires Hamakua Energy Plant from HEI

PRIVATEMar 10, 2025

Acquiring Company

Harbert Management Corporation

Acquired Company

Pacific Current

BirminghamHonoluluFinancial ServicesManufacturingEnergy

Description

Hawaiian Electric Industries, Inc. has sold the Hamakua Energy Plant to Harbert Management Corporation. This sale is part of HEI's strategic review for its subsidiary, Pacific Current. Harbert aims to enhance its involvement in Hawaii’s energy future. The transaction is not expected to materially impact HEI's financials.

Quick answer

Harbert Management Corporation is acquiring Pacific Current, announced March 10, 2025. Harbert Management Corporation is based in Birmingham, Alabama, United States.

How much did Harbert Management Corporation pay for Pacific Current?
The deal value was not disclosed.
What does Harbert Management Corporation do?
HUSREF VII is an investment vehicle of Harbert Management Corporation (“HMC”), which closed on April 28, 2021.
Where are Harbert Management Corporation and Pacific Current based?
Harbert Management Corporation is based in Birmingham, Alabama, United States. Pacific Current is based in Honolulu, Hawaii, United States.
Who are the decision-makers at Harbert Management Corporation?
Fundz holds 1 contact at Harbert Management Corporation. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Financial Services and Energy

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

Who to call at Harbert Management Corporation, and when

When Harbert Management Corporation changes hands, the new owners review vendors, systems and leadership. That is when the door opens.

  • An alert the day Harbert Management Corporation raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Harbert Management Corporation, from your own LinkedIn network

Works inside ChatGPT and Claude. Ask who to call at Harbert Management Corporation. With Fundz connected, it knows.

Watch Fundz in
See plan options
Trusted byOracleSnowflakeCloudflareLinkedInGoogleSalesforce 4.8/5 on G2

Company Information

Company

Harbert Management Corporation

Location

Birmingham, Alabama, United States

About

HUSREF VII is an investment vehicle of Harbert Management Corporation (“HMC”), which closed on April 28, 2021. HUSREF VII focuses on value-add real estate investments in primary and secondary markets with strong job growth, diversified economies and a depth of institutional ownership. HMC is a privately owned alternative asset management firm formed in 1993 to sponsor alternative asset investment funds. HMC has approximately $8.0 billion in Regulatory Assets Under Management as of May 31, 2022. HMC serves foundations and endowments, fund of funds, pension funds, financial institutions, insurance companies, family offices, and high net worth individuals across multiple asset classes. Investment strategies include European and U.S. real estate, seniors housing, growth capital, credit solutions, infrastructure, and absolute return funds. For additional information about HMC, visit www.harbert.net. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d4a0f2d8-d769-4acf-80bd-2f8a66bb60f8

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment Harbert Management Corporation makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

Tom
Senior decision-maker at this company
••••••••@••••••••

See Tom's verified email →

Create an account to reveal verified emails
Predictive Intelligence
Strategic

ML-powered predictions for Harbert Management Corporation's next move

Learn about Strategic plan

Frequently asked

Who acquired Pacific Current?

Pacific Current was acquired by Harbert Management Corporation, based in Birmingham. The deal was reported on March 10, 2025. HUSREF VII is an investment vehicle of Harbert Management Corporation (“HMC”), which closed on April 28, 2021. Harbert Management Corporation is privately held and operates in Financial Services.

When did Harbert Management Corporation acquire Pacific Current?

Harbert Management Corporation's acquisition of Pacific Current was reported on March 10, 2025. Hawaiian Electric Industries, Inc. has sold the Hamakua Energy Plant to Harbert Management Corporation. This sale is part of HEI's strategic review for its subsidiary, Pacific Current. Harbert aims to enhance its involvement in Hawaii’s energy future. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Pacific Current do?

Pacific Current, LLC is a subsidiary of Hawaiian Electric Industries, Inc., focusing on advancing Hawaii's sustainability goals through non-regulated energy services. It is privately held, operating in Manufacturing, and is based in Honolulu.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

5 screens from a live account. No signup.

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.