Strong Year of Deal Activity Recognized by The M&A Advisor
Detroit, MI – January 11, 2011 // Huron Capital Partners is pleased to announce that it was recently named “Private Equity Firm of the Year” for 2010 by The M&A Advisor, a premier trade organization in the mergers and acquisitions industry. The award winners and finalists were honored in December at the 9th Annual M&A Awards Gala at the New York Athletic Club in New York City. Hosted by Margaret Brennan of Bloomberg, the black-tie awards ceremony celebrated excellence in deal making as it recognized the nation’s top industry players. An independent body of expert judges evaluated 243 finalists from across the country.
“The award winners represent the best of the M&A industry in 2010 and earned these honors by standing out in a group of very impressive finalists,” said Roger Aguinaldo, CEO of The M&A Advisor. “From the lower middle market transaction to those over $1 billion, this year’s awards recognized determined deal makers who have performed at the highest levels in their respective industries in mergers and acquisitions.”
“We are extremely honored to receive this award,” said Brian Demkowicz, Huron Capital’s Managing Partner. “The M&A Advisor is a first-class organization and we are grateful for the recognition.” Demkowicz added, “Despite the significant economic challenges in 2010, our firm persevered to have quite a successful year, which is a credit to the entire Huron Capital staff and all of our portfolio management teams.”
Huron was very active in 2010, completing eight transactions valued in excess of $300 million. Transactions included a mix of portfolio company divestitures, platform and add-on acquisitions and dividend recapitalizations. In a challenging market Huron generated over $150 million in aggregate proceeds for its investors, including one portfolio company divestiture in which Huron returned 18.7x its investment. Huron’s momentum is continuing into 2011 with five transactions expected to close in 1Q11.