Huron Capital’s Year of Evolution
New Platforms, New People, and New Partners
With the first quarter of 2021 behind us, it is clear this will be a year of evolution – both for Huron Capital and for our industry.
Over the past year, we’ve bolstered the ranks in each of our functional areas, expanded the roles of select team members and added new members ranging from Associate to Partner.
In February, we announced that Jim Mahoney, a 14-year veteran of the firm, was promoted to Managing Partner working alongside Co-Founder Brian Demkowicz. Additionally, we promoted seven others and hired six new team members. Each of these individuals is already making critical contributions to our firm and its strategic direction.
Here is a closer look at those promotions and new hires:
In January, we announced the creation of a new infrastructure services platform – Sunland Asphalt & Construction (“Sunland”) – that closed its first significant add-on acquisition, ACE Asphalt of Arizona (“Ace”) in early March. The combined company is a market leader in the Southwest and is well-positioned for continued growth through an accelerated M&A strategy.
While the market continues to face some uncertainty, our investment approach is designed to perform through all market cycles and 2021 is off to a roaring start. On the heels of our 2nd most active year ever as a firm, we’ve already closed 12 transactions this year – 11 add-ons and our most recent platform investment in Sunland – in addition to the sale of a majority interest in High Street Insurance Partners to Abry Partners. We expect to see this level of activity continue through the remainder of 2021 as we aggressively pursue investments in both new platform and add-on opportunities.
Founded in Detroit in 1999, Huron Capital is an operationally focused private equity platform 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. An early pioneer of the buy-and-build approach, Huron Capital has successfully established six private equity funds aggregating nearly $2.0 billion in committed capital and invested in over 200 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 focuses on niche segments within the business services, consumer products & services and specialty industrials sectors.
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.