Our History

HMC’s predecessor, Harbert Corporation, was originally founded by John Harbert as a heavy civil contractor. Over the following decades the company expanded rapidly while diversifying into aggregates, mining, barging, and pipeline development in addition to construction.

Harbert Corporation continues to grow and diversify, particularly internationally, with an increasing focus on energy production and real estate development. Accumulated hydrocarbon operations were sold to Amoco in 1981, generating liquidity for further investments.

Raymond Harbert joins Harbert Corporation and expands the real estate development and investments platform as he climbs the ranks. Harbert Power (predecessor to Harbert Infrastructure) was founded in 1986 as an early entrant into the newly deregulated power generation space. Harbert becomes active in both the private equity space and the public markets.

Raymond sold Harbert Corporation’s main domestic construction business to Raytheon. In conjunction with this exit, Raymond, along with four partners, founded Harbert Management Corporation as a pure-play alternative asset investment management firm.