We have seen tremendous growth and success over the past four decades which would not have been possible without you, our valued partners. Thank you for 40 amazing years!

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HdL Companies, a leading provider of revenue enhancement solutions for public agencies, is celebrating its 40th anniversary this April. 

HdL Companies began its legacy of service to public agencies in 1983. The company’s founder, Robert Hinderliter, a City Manager and Finance Director, developed California's first comprehensive sales tax management program and secured legislation allowing for independent verification of state allocations. 

Monterey Park HdL Companies Sales Tax Report 1988“Prior to computerization of open data, few agencies could afford the huge amount of staff and resources needed to accurately consolidate and organize the state’s scattered and highly secretive processes into useful sales tax information," commented Lloyd de Llamas, then City Manager for Monterey Park and friend to Hinderliter. "In 1983, Hinderliter retired from his post as Commerce City Administrator, purchased one of the first Apple personal computers, taught himself Lotus 1-2-3, and converted his former city’s process into a computerized database. The City of Monterey Park was his first customer."

Lloyd de Llamas, HdL Companies Co-Founder, President and Executive Chairman

Lloyd de Llamas, now retired from his post as HdL Co-Founder, President and Executive Chairman, recounted his time at HdL... 

"In 1987, Bob and I entered into a partnership with 25 clients and three part-time employees who laboriously entered by hand, each taxpayer registration and monthly allocation into spread sheets, in a small corner of GRC Consultants’ offices in Claremont Village. Our experience had made us skeptical of consultants who often promised more than they delivered, so our goal was to provide an inexpensive but important service that understood the needs and pressures of local governments. Bob Hinderliter Lloyd de Llamas HdL Companies

In 2007, we began the process of selling the company to our employees. By 2010, we had grown to over 300 clients, added property tax and business license software services, and had been joined by some of the best and most experienced local government individuals to help improve HdL’s programs. In 2011, we turned the day-to-day management over to Andy Nickerson.

Andy recognized that some of the previous assumptions on which we had initially built the corporate structures were no longer valid and that growth was key to building employee stock values. He began a process of re-structuring, as well as purchasing, similar companies in other states, adding needed services such as administration of cannabis regulation, economic development, short term rentals, utility user, and TOT taxes. Andy continued the company’s past insistence on recruiting only the best and ethical local government professionals available to perform those services."

Fast forward to 2023, HdL is celebrating four decades of growing revenue, opportunities, and partnerships. 

The firm has recovered over $3 billion in revenue, serves over 700 clients nationwide, and provides a full assortment of public agency revenue management services including misallocation recovery, tax and fee administration, economic development, indirect cost recovery, local tax software, cannabis compliance, and more. HdL now consists of over 250 employee-owners and stock values have quadrupled. The Board of Directors consists of highly qualified local government professionals including Rod Gould, Mary Bradley, Craig Hill, Henry Gardner, and many others.

HdL Companies 40th Anniversary Celebration

"Most gratifying is that all this growth has been achieved without losing the companies’ initial core value of services provided by a group of experienced professionals with absolute integrity who are intent on continuing their positive contributions to local government," de Llamas remarked. 

Andy Nickerson, HdL President/CEO, added, “Our growth and success would not be possible without our exceptional clients who trust our expertise and our dedicated team. Local government touches us in our daily lives more than any other form of government, so we are honored to be providing essential services to such important decision makers. I’m thrilled to be celebrating this milestone and look forward to seeing what the future holds for HdL.”

We have a lot to celebrate and are grateful you are part of this journey!

HdL Companies Founders Day

Pictured L-R: Gary Lott, Andy Nickerson, Lloyd de Llamas, Robert Hiderliter, Robert Gray

 

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