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John Murdoch Harbert III (1921–1995) was a highly successful American businessman and visionary entrepreneur. After serving in World War II, he founded Harbert Construction Corporation in 1949 with a small loan and a few pieces of used equipment. Through astute business decisions, strategic risk-taking, and diversification, he transformed this small construction firm into a multinational conglomerate, Harbert Corporation, with interests spanning construction, coal mining, oil and gas exploration, and real estate development. Known for his determination, integrity, and significant philanthropic contributions, especially to education and healthcare in Alabama, his legacy continues to influence the business and civic landscape of the region. He was recognized for his ability to identify opportunities and build successful enterprises from the ground up.
John Harbert's work history includes a series of influential roles in various companies. Here is a detailed list of his professional journey:
Established Harbert Construction Corporation in 1949, which grew into a diversified, billion-dollar international conglomerate involved in heavy construction, mining, and energy.
Successfully undertook major international construction projects, including pipelines and infrastructure in challenging environments across the Middle East and South America.
Strategically expanded Harbert Corporation into profitable ventures in coal mining (establishing one of the largest privately-owned coal mining operations in the U.S.), oil, and gas exploration.
Made substantial charitable contributions to various institutions, particularly to the University of Alabama at Birmingham (UAB) and Auburn University. His family's philanthropy led to the naming of the Harbert College of Business at Auburn University and the Harbert Institute for Innovation and Entrepreneurship at UAB.
Honored with the Horatio Alger Award, which recognizes individuals who have overcome adversity to achieve great success through hard work, honesty, and determination.
Recognized for his outstanding contributions to business in the state of Alabama and his role in building a major international enterprise.
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Harbert Financial Inc. operates as part of Harbert Management Corporation (HMC), an independent investment management firm. HMC focuses on alternative asset classes, including U.S. real estate, European real estate, global private capital (private equity and private debt), and absolute return strategies. They serve a diverse client base of foundations, endowments, pension funds, financial institutions, and high-net-worth individuals, aiming to generate attractive, risk-adjusted returns across a variety of market cycles. The firm emphasizes a disciplined investment approach and active management.
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