Hallwood Group

Overview

Hallwood Group is a multigenerational family office with offices in Monaco, New York, and Los Angeles. The group manages its own capital according to family strategic objectives and invests across asset classes with flexible, long-term strategies.¹

History

Hallwood says it was founded in England in 1938 and reorganized as a merchant bank in 1978. It expanded to the United States in 1984 and was listed on the New York Stock Exchange. The group was privatized in 2015 and reorganized as a multigenerational family office.¹

Hallwood’s past transactions include petroleum operations that drilled hundreds of conventional and unconventional wells since 1984, as well as the development of horizontal drilling and hydraulic-fracturing techniques. Its real estate operations built and resold a rental portfolio of more than 1,200 garden apartments in Texas and Arkansas over a 10-year period. In March 2023, Hallwood sold its 89% interest in Hallwood Modular Buildings to an NYSE-listed buyer.²

Timeline

1. 1938Hallwood says it was founded in England in 1938 and reorganized as a merchant bank in 1978.
2. 1984It expanded to the United States in 1984 and was listed on the New York Stock Exchange.
3. 2015The group was privatized in 2015 and reorganized as a multigenerational family office.
4. 2023In March 2023, Hallwood sold its 89% interest in Hallwood Modular Buildings to an NYSE-listed buyer.

Leadership

- Tony Gumbiner, Chairman of Hallwood, oversees the group’s long-term investment strategy and has chaired the company since 1980. - Celine Gumbiner Jacobson, CEO, Managing Director of the Hallwood Family Office, and Executive Chairman of Brookwood Companies. - Gert Lessing, Managing Director of the Hallwood Family Office and President of Hallwood Financial Limited. - Richard Kelley, Chief Financial Officer of Hallwood Group and Director of Human Resources.³

Services and Investments

Hallwood invests its own family capital across several operating and investment businesses. Current holdings include technical textiles, oil and gas, litigation finance, and music management and publishing.¹

BlueCrest Energy is an independent Alaska oil and gas company in which Hallwood owns a 17% interest. Hallwood reports that it has invested more than $550 million in BlueCrest’s development.¹

Brookwood Companies is a wholly owned Hallwood investment and a U.S. manufacturer of technical and performance textiles serving military and industrial clients.¹

Hallwood Media is a Monaco-based group subsidiary and a full-service independent music company covering management, records, publishing, distribution, and merchandise.¹

Client Focus

Hallwood operates as a family office for its own capital and family strategic objectives. Its investment model is designed for long-term ownership and flexibility across asset classes.¹

Approach

Hallwood says that managing its own capital allows it to pursue long-term investment strategies without the constraints associated with outside investors. Its portfolio combines operating companies, energy development, financial investments, and media businesses.¹

FAQs

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Sources

1. Hallwood Group
2. Hallwood Group Past Transactions
3. Hallwood Group Our Team

Claim or correct this profile

This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.