Hennessy Capital Acquisition Corp. III

Hennessy Capital Acquisition Corp. III

Hennessy Capital Acquisition Corp. III is a special purpose acquisition company formed in 2019 by Daniel J. Hennessy. The firm's third SPAC vehicle aimed to merge with a target in the industrial, infrastructure, or energy-transition sectors. Hennessy previously led two earlier SPACs that completed mergers with companies including Daseke and ESCO Technologies. Strategy centers on identifying a single private operating business in the industrial or energy-transition space. The SPAC structure limits deployment to the trust proceeds from its IPO, plus any additional PIPE financing. The vehicle's mandate includes direct acquisition of a target company, rather than a portfolio of investments. Geographic focus remains North America. The third SPAC held a $403.8 million IPO in January 2020, with proceeds held in trust pending a business combination. The vehicle listed on the Nasdaq under the ticker HCACU. Daniel Hennessy serves as Chairman and CEO; Peter Denious as President and CFO. No additional offices beyond Wilson, Wyoming have been disclosed. Hennessy Capital operates as a series of vehicle-specific SPACs rather than a permanent capital base. Each vehicle has a defined two-year acquisition window, after which it must liquidate if no deal closes. This structure distinguishes it from traditional family offices or asset managers that maintain indefinite capital.