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Huron Capital’s Sciens Building Solutions Completes Latest Add-on Acquisition
Detroit, MI – March 7, 2019 – Huron Capital today announced its fire detection and integrated solutions ExecFactor® platform, Sciens Building Solutions (“Sciens”), has acquired Miami, FL.-based Empire Electric, Maintenance, and Service and Empire Fire Safety (“Empire”).
This transaction is the most recent acquisition since Huron Capital formed Sciens in 2016 to pursue a buy-and-build investment strategy in the fire detection and integrated solutions sector. The acquisition further increases the company’s presence in Florida and provides Empire and its customers with even deeper resources and expertise.
“Sciens’ strong technical expertise and suite of comprehensive building solutions combined with our outstanding capabilities will allow us to develop broader offerings for the market,” said Tony Hernandez, president of Empire, who will remain in his current role with the company. “We are excited to grow together and looking forward to continuing to provide excellent customer service to our current and new clients.”
Founded in 1988, Empire provides design, engineering, installation, compliance testing, maintenance and monitoring for fire detection, suppression and electrical systems. The company primarily serves the commercial, hospitality, healthcare, education and residential markets. Empire has over 100 highly qualified, experienced employees earning the company a reputation as one of South Florida’s most competitive fire safety and electrical service providers. Empire has also earned numerous business awards, including being named one of South Florida Business Journal’s fastest growing companies in 2017.
“We believe Empire is a great addition to the Sciens platform in a very important market,” said Terry Heath, Sciens CEO. “Combined with our existing footprint in Florida, we can now easily serve customers throughout the entire state providing an unparalleled level of local service.”
“Empire has a history of maintaining and growing long-term relationships with its customers; we expect that to serve as a great foundation for future growth in Florida as we ramp up our business development efforts,” said Huron Capital Vice President Danielle Lalli. “We plan to look for partnerships with additional companies similar to Empire that align with Sciens’ values and service offerings as we continue to build the business into a larger player in the fire detection and integrated solutions sector.”
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 our proprietary ExecFactor® buy-and-build investment model. We prefer complex situations where we can help companies reach their full potential by combining our operational approach, substantial capital base, and transaction experience with seasoned operating executives. Celebrating its twentieth anniversary in 2019, Huron Capital has raised over $1.8 billion in capital through six committed private equity funds and invested in over 170 companies, and our portfolio companies have employed over 11,000 people throughout North America. The Huron Capital 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 Capital targets both control and non-control equity stakes in fundamentally-sound companies that can benefit from the firm’s operational approach to creating value. Huron Capital’s sector focus includes business services, consumer products & services and specialty industrials. 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. For more information, please visit: www.sciensbuildingsolutions.com.
About Empire Electric, Maintenance, and Service and Empire Fire Safety LLC
Founded in 1988 by Tony Hernandez, Miami, Florida-based Empire Electric, Maintenance, and Service has grown into a company with a highly qualified team of estimators, project managers, supervisors and field employees. The company provides electrical installation, telecommunication, and maintenance services to corporations, municipalities, and other government entities. For more information, please visit: www.empireelectric.net.
Founded in 2006, Empire Fire Safety LLC is a leader in fire detection solutions, providing consultancy, installation, equipment sales, and maintenance services. Empire provides services to commercial, industrial, corporate, and residential customers. For more information, please visit: www.empirefiresafety.net.
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.
