HLC Equity and its affiliated group of companies have been creating, building, and operating, thriving US enterprises for over a century. Impeccable work ethic, integrity, innovative entrepreneurialism, and dedication to the community have been the cornerstone components of HLC Equity’s culture from its humble beginnings, and they remain core principles of the group’s culture today.  

Herman Lipsitz was born in the year 1909 in Pittsburgh Pennsylvania to European-born parents. Living in the depression of the 1930’s gave Herman an extraordinary work ethic which stuck with him until he passed away in 2005. At an early age, Herman and his siblings worked with their father, Benjamin Lipsitz, in founding B. Lipsitz Company, which eventually became one of Pennsylvania’s largest wholesale distribution businesses. Herman started his Bachelors in Accounting at the age of 16, and subsequently attained his law degree from the University of Pittsburgh. Upon graduation from law school, Herman stayed involved with the family distribution business, while at the same time building up a successful private law practice of his own. 

After establishing his law practice and expanding the family distribution business, Herman began buying and developing properties throughout the USA. Herman’s real estate investment interests ranged from raw land investment to neighborhood strip centers to multi-family properties, as well as single tenant commercial properties.