Who Owns Hudson Technologies Company?

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Who Owns Hudson Technologies?

Understanding who owns a company is crucial for grasping its strategic direction and market influence. Hudson Technologies, Inc., a leader in refrigerant management, has a history that includes its transition to public ownership. Founded in 1991, the company has grown to become a significant entity in the U.S. refrigeration sector.

Who Owns Hudson Technologies Company?

Hudson Technologies, Inc. went public on November 1, 1994. This IPO marked a significant shift, opening the company to broader investment. Its operations focus on refrigerant reclamation and reprocessing, contributing to environmental sustainability.

As of August 2025, Hudson Technologies has a market capitalization of approximately $361.75 million. The company's commitment to environmental stewardship is evident in its core mission to improve environmental quality through sustainable resource management, including its Hudson Technologies BCG Matrix analysis.

Who Founded Hudson Technologies?

Hudson Technologies, Inc. was established in 1991 by Kevin J. Zugibe, P.E., and Stephen P. Mandracchia. Zugibe led the company as Chairman and CEO until his passing in June 2020, while Mandracchia has maintained significant financial and operational leadership roles, including CFO, Treasurer, and Secretary as of April 2025.

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Founding Visionaries

Kevin J. Zugibe, P.E., and Stephen P. Mandracchia are the founders of Hudson Technologies. They established the company in 1991.

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Early Leadership

Kevin J. Zugibe served as Chairman and CEO from the company's inception until June 2020. His leadership guided the company through its formative years.

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Sustained Financial Oversight

Stephen P. Mandracchia has consistently held key financial positions. As of April 2025, he remains Senior Vice President, CFO, Treasurer, and Secretary.

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Initial Ownership Details

Specifics on the initial equity split or founding shareholdings are not publicly disclosed. However, the founders' roles indicate their original control.

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Early Investment Landscape

Information regarding early backers, angel investors, or friends and family investments during the initial phase is not detailed in public records.

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Foundational Strategy

The founders' vision was central to the company's direction in the refrigerant reclamation industry. This vision was intrinsically linked to their operational guidance.

The foundational vision of Hudson Technologies, centered on innovation and environmental responsibility within the refrigerant reclamation sector, was directly shaped by the founders' active control and operational guidance during the company's initial stages. While precise details of early equity distribution or the involvement of early investors are not publicly available, the sustained presence and leadership of the founders, Kevin J. Zugibe and Stephen P. Mandracchia, underscore their pivotal role in establishing the company's trajectory. Understanding this early ownership structure provides context for the company's subsequent growth and its position in the market, as further explored in the Competitors Landscape of Hudson Technologies.

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How Has Hudson Technologies’s Ownership Changed Over Time?

Hudson Technologies, Inc. transitioned to a publicly traded entity following its Initial Public Offering (IPO) on November 1, 1994. This public listing marked a significant shift in its ownership structure, moving from private to a widely held stock. The company's market capitalization reached approximately $361.75 million by August 2025, indicating substantial growth and investor interest since its inception.

Institutional Investor Shares Held Estimated Value (USD) QoQ Change
Renaissance Technologies LLC 1,502,150 $8,382,000 +19.6%
New South Capital Management Inc. 1,483,719 $9,155,000 +12.3%
D. E. Shaw & Co. Inc. 1,345,553 $7,508,000 +282.6%
Westerly Capital Management LLC 1,017,580 $5,678,000 +25.6%

The ownership landscape of Hudson Technologies is predominantly shaped by institutional investors, who collectively held 71.34% of the outstanding shares as of late 2024 and early 2025. This significant institutional presence underscores a broad investor base and influences the company's strategic direction through market expectations and governance. Key institutional stakeholders have actively adjusted their positions; for instance, Renaissance Technologies LLC increased its stake by 19.6% in the fourth quarter of 2024, while D. E. Shaw & Co. Inc. saw a substantial 282.6% increase in its holdings during the same period. Beyond institutional ownership, current CEO Brian Coleman directly owns 2.1% of the company's shares, valued at approximately $7.78 million. The company has also utilized public offerings to raise capital, such as the December 2016 offering that generated about $45 million in gross proceeds for general corporate purposes and potential acquisitions.

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Understanding Hudson Technologies' Ownership

The ownership structure of Hudson Technologies reflects a dynamic interplay between institutional and executive stakeholders. Understanding who owns Hudson Technologies provides insight into its corporate governance and strategic priorities.

  • Hudson Technologies is a publicly traded company since November 1, 1994.
  • Institutional investors hold a majority of the company's shares, exceeding 71%.
  • Key institutional investors include Renaissance Technologies LLC and D. E. Shaw & Co. Inc.
  • The CEO, Brian Coleman, is also a direct shareholder.
  • Past capital raises, like the 2016 public offering, have influenced share distribution.

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Who Sits on Hudson Technologies’s Board?

Hudson Technologies' Board of Directors, as detailed in the April 25, 2025 proxy statement, comprises seven members. Brian F. Coleman holds the key positions of Chairman of the Board, President, and Chief Executive Officer. The board also includes Vincent P. Abbatecola, Nicole Bulgarino, Kathleen L. Houghton, Loan N. Mansy, Richard Parrillo, and Eric A. Prouty.

Director Name Position Key Role/Affiliation
Brian F. Coleman Chairman, President, CEO Executive Leadership
Vincent P. Abbatecola Director Lead Independent Director
Nicole Bulgarino Director President – Federal Solutions and Utility Infrastructure of Ameresco, Inc.
Kathleen L. Houghton Director Senior Vice President of Sales and Marketing
Loan N. Mansy Director Independent Director
Richard Parrillo Director Independent Director
Eric A. Prouty Director Independent Director

The voting power within Hudson Technologies adheres to the standard one-share-one-vote principle, typical for publicly traded entities, with no disclosed information regarding dual-class shares or preferential voting rights. While CEO Brian Coleman has a personal investment of 2.1% of the company's shares, valued at $7.78 million, this does not suggest disproportionate control through special voting mechanisms. The company has not experienced recent proxy contests or significant governance disputes that would alter its established decision-making framework.

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Understanding Hudson Technologies' Corporate Structure

Hudson Technologies operates with a clear board structure and a standard voting system. Understanding this framework is key to grasping Hudson Technologies ownership and who controls Hudson Technologies.

  • The board has seven members, including the CEO.
  • Independent directors meet NASDAQ Listing Rules requirements.
  • The voting power is based on a one-share-one-vote system.
  • CEO Brian Coleman has a significant personal stake in the company.
  • This structure informs Hudson Technologies stock ownership and Hudson Technologies major shareholders.

For a deeper dive into how the company plans to leverage its structure for expansion, explore the Growth Strategy of Hudson Technologies.

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What Recent Changes Have Shaped Hudson Technologies’s Ownership Landscape?

Hudson Technologies has experienced significant leadership and financial strategy shifts over the past few years, impacting its ownership trends. A key transition occurred in June 2020 with Brian F. Coleman stepping into leadership roles, and more recently, Brian Bertaux joined as Chief Financial Officer in August 2024.

Leadership Change Date Role
Brian F. Coleman June 2020 Chairman, President, CEO
Brian Bertaux August 2024 Chief Financial Officer

The company's commitment to shareholder value is evident through its active share repurchase programs. In October 2024, the board authorized an additional $20 million for share repurchases, split between $10 million for 2024 and $10 million for 2025. As of Q2 2025, $4.5 million in shares had been repurchased year-to-date, following $8.1 million in repurchases during 2024.

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An increased share repurchase authorization of $20 million was approved in October 2024. This includes $10 million for 2024 and $10 million for 2025.

Icon Year-to-Date Repurchases

Hudson Technologies repurchased $4.5 million in shares year-to-date as of the second quarter of 2025. In 2024, the company bought back $8.1 million of its common stock.

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The acquisition of USA Refrigerants for $20.7 million in June 2024 bolstered the company's reclamation business. This marks the fourth acquisition, following three earlier ones.

Icon Financial Strength and Market Outlook

With $84.3 million in cash and no debt as of Q2 2025, the company is well-positioned for growth. Analysts maintain a 'Moderate Buy' consensus rating as of August 2025, reflecting positive market sentiment.

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