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Huron Capital’s Sciens Building Solutions Completes Additional Acquisition
Detroit, MI – February 21, 2017 – Huron Capital today announced its fire detection and security services ExecFactor® platform, Sciens Building Solutions (“Sciens”), has acquired Jacksonville, FL-based W.W. Gay Fire & Integrated Systems, Inc. (“W.W. Gay”). In 2015, Huron Capital formed Sciens in partnership with former Siemens executive, Terry Heath, to pursue a buy-and-build investment strategy in the fire detection and security services sector.
W.W. Gay is a provider of comprehensive fire detection and fire suppression systems, as well as data/security and electrical services. The company primarily serves the healthcare, military/government, education/institution, commercial and industrial/utility end markets. W.W. Gay has been owned and operated since 1991 by Nandu Paryani. Paryani will continue to lead the business locally, which will be operated as a division of Sciens.
“I have known Terry Heath for many years as he is a very well-regarded executive in the fire industry,” said Paryani. “I am excited to work with him and the Huron Capital team as we look to grow W.W. Gay and the Sciens platform.”
“We are delighted to add W.W. Gay to Sciens’ expanding platform,” said Heath, Sciens CEO. “The company brings tremendous capabilities to Sciens and will help us strengthen our offerings in key areas such as specialty suppression and increase our presence in important vertical markets.”
Jim Mahoney, Partner at Huron Capital, added, “We are thrilled to bring W.W. Gay into the Sciens family. We continue to see momentum with other acquisition candidates as a result of the strong network that Terry Heath and board members, Mark Levy and Rick LeBlanc, have brought to this initiative.”
About Huron Capital
Based in Detroit, Huron Capital is an operationally-focused private equity firm with a long history of growing lower middle-market companies through its proprietary ExecFactor® buy-and-build investment model. Huron prefers complex situations where it can help companies reach their full potential by combining its operational approach, substantial capital base, and transaction experience with seasoned operating executives. Founded in 1999, Huron has raised over $1.7 billion in capital through six committed private equity funds and invested in over 130 companies employing over 11,000 people. The Huron buy-and-build investment model includes equity recapitalizations, family succession transactions, market-entry strategies, corporate carve-outs, and management buyouts of companies having revenues up to $200 million. Huron targets fundamentally sound companies that can benefit from the firm’s operational approach to creating value. Huron’s sector focus includes business services, consumer products & services and specialty manufacturing. For more information, please visit www.huroncapital.com.
About Sciens Building Solutions
Headquartered in San Francisco, CA, Sciens Building Solutions is a holding company focused on the fire detection and security services sector. This includes the design, installation and provision of maintenance services for fire detection and clean agent fire suppression systems in a variety of commercial, institutional, and government facilities.
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.
