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Andrew Himel

Managing Partner, Finance of Kilmer Brownfield

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At a glance

Full Name
Andrew W. Himel
Title
Private Equity Investor; former Managing Partner, Kilmer Brownfield Equity Fund
Firm
Andrew Himel Holdings Inc.; previously Kilmer Brownfield Management Limited
Firm Type
Family-office-backed private equity / brownfield real estate redevelopment investor
Investment Stage
Brownfield redevelopment projects; private equity/control investments rather than seed-stage venture
Check Size
Kilmer Brownfield Equity Fund was reported in 2009 as acquiring and redeveloping brownfield sites typically in the $5 million to $15 million range; Kilmer Group’s current private-company criteria list equity investments of $75 million to $500 million+
Target Company Profile
Challenged former industrial and commercial properties requiring environmental remediation, project finance, rezoning/redevelopment expertise, and long-term value creation
Sector Focus
Brownfield clean-up, urban redevelopment, infrastructure, real estate, environmental risk management, project finance
Geographic Focus
Canada, with Kilmer Group also investing across North America
Location
Toronto, Ontario, Canada

Background

Andrew W. Himel is a Toronto-based private equity and real estate investment professional associated publicly with Andrew Himel Holdings Inc. His LinkedIn profile lists him in Toronto and shows Andrew Himel Holdings Inc. as his current affiliation. Earlier public records identify him as Managing Partner of Kilmer Brownfield Management Limited and as Managing Partner of the Kilmer Brownfield Equity Fund.

At Kilmer Brownfield, Himel worked in brownfield acquisition and redevelopment. In a 2009 Daily Commercial News article, he described the fund’s model as buying contaminated or otherwise challenged sites, cleaning them up, bringing them to a record of site condition, and then selling them. He noted that typical projects could take two to four years before coming back to market.

Before Kilmer Brownfield, Himel was Finance Manager at Sony Berlin GmbH, the company responsible for developing the approximately $1 billion Sony Center at Potsdamer Platz in Berlin. His earlier roles included Director of New Technologies at Cinemaxx GmbH, Associate at Berenberg Consult GmbH, and Associate at First Funding Corporation.

Himel holds a B.Sc. from the University of Toronto and an MBA from Harvard Business School. Public profiles also describe him as a chartered property finance and investment surveyor and a member of the Royal Institution of Chartered Surveyors. He served on the Heritage Toronto board from October 2011 to July 2019, including as treasurer and chair of the programming committee, and is listed on the Ontario Jewish Archives board of directors.

Investment Thesis & Focus

  • Focuses on brownfield and redevelopment opportunities where value is created through remediation, rezoning, project finance, and redevelopment execution.
  • Kilmer Group’s infrastructure and real estate thesis emphasizes “value creation in land development that requires access to Kilmer’s capital and expertise.”
  • Kilmer’s real estate focus includes opportunities requiring environmental risk management, project finance, redevelopment, public-private partnerships, and development opportunities with long-term income-generating capacity.
  • Himel’s own publicly quoted view in 2009 was that downturns can create attractive brownfield acquisition opportunities: “If you have the money there are going to be good deals.”
  • Kilmer Group’s broader private-company investment criteria emphasize long-term holds, strong management teams, stable free cash flow, North American headquartered businesses with Canadian operations, control investments, and flexible structures including LBOs, carve-outs, take-privates, and PIPEs.
  • Public sources do not support the stub’s “angel investor” or “seed round” classification.

Notable Investments

  • Brightwater: Kilmer Brownfield and Kilmer Infrastructure led the 2016 acquisition of a 72-acre former oil refinery and brick quarry site in Port Credit, Mississauga, with DiamondCorp, Dream, and Fram/Slokker; the plan included residential, parks, affordable housing, and commercial space.
  • Daniels FirstHome Keelesdale: A 12-acre master-planned Toronto community developed by Daniels in partnership with Kilmer Brownfield and DiamondCorp on the former Humber River Regional Hospital site.
  • Reunion Crossing: Redevelopment of a former city works yard, gas station, and car dealer site on St. Clair Avenue West in Toronto into a residential and retail project.
  • Birchley Park: Kilmer Brownfield and DiamondCorp acquired a 19-acre former pit/quarry site in Toronto’s Upper Beach area in 2018; approvals supported a mixed residential master-planned community with affordable housing.
  • Broadview Avenue & Chester Hill Road: Kilmer Brownfield and DiamondCorp acquired a 1.2-acre Broadview-Danforth site in 2020 and submitted plans for a midrise project incorporating a heritage building.
  • 159SW Toronto: Kilmer Brownfield and DiamondCorp acquired a former service station at Sherbourne and Wellesley, secured approval for a 38-storey condominium project, and sold the project to Alterra.
  • The Metalworks: Kilmer Brownfield purchased and remediated a 9-acre historic Guelph industrial site in 2010; Fusion Homes later built out the mixed-use redevelopment.
  • 3600 Lakeshore Boulevard: Kilmer Brownfield and DiamondCorp acquired, remediated, and rezoned a former automotive parts manufacturing site in Etobicoke before Minto purchased and built out the lands.

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