Media
Huron Capital Completes First Investment in Latest Buyout Fund
Detroit, MI – October 23, 2017 – Huron Capital announced today that it has invested in Troy, Mich.-based Hansons Holdings, LLC (“Hansons”), in partnership with management. Hansons is one of the leading providers of services in the home repair and renovations market in the state. This represents the initial investment in Huron Capital’s latest buyout fund.
Founded in 1988 by CEO Brian Elias, Hansons is a leading provider of marketing and support services for the installation of replacement windows, roofing and siding. According to the Joint Center for Housing Studies of Harvard University, the exterior replacement market in the U.S. is estimated to be $40 billion. Including its headquarters in Troy, Hansons has eight locations throughout Michigan and Ohio. The company’s “1-800-Hansons…Get it Done” jingle is well-known to consumers throughout the region.
“I’m proud of the brand and business we’ve built at Hansons, and I’m confident Huron Capital is the right partner to help us continue our growth,” said Brian Elias, CEO of Hansons. “We look forward to working with the Huron Capital team as we expand into new products and markets.”
“Huron Capital has a history of investing in marketing services and consumer businesses, making Hansons a great fit,” said Sean Roberts, Huron Capital Principal. “Hansons has a highly-visible and well-respected brand. The business has a systematic approach towards lead generation and project management, all of which we believe provides a strong foundation for us as we pursue new growth, both organically and through acquisition.”
Hansons was represented in this transaction by Angle Advisors, an investment bank based in the Detroit area.
Certain information herein may contain forward-looking statements which are provided to assist the reader in understanding the beliefs and opinions with respect to future opportunities as perceived by Huron Capital and others quoted herein. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance in future periods to differ materially from any projections or results expressed or implied by such forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The issuer of these statements undertakes no obligation to update forward-looking statements if circumstances or estimates or opinions should change except as may be required by applicable securities laws.
