BB Roadway Security Solutions Names Dave Patterson as CEO
DETROIT, MI – May 14, 2020 — Huron Capital’s Flex Equity platform B&B Roadway Security Solutions (“BBRSS”) today announced the appointment of Dave Patterson as CEO.
Founded in 1925, McKinney, Texas-based BBRSS is a leading designer and manufacturer of traffic control, roadway safety and perimeter security solutions for government and commercial customers nationally. Huron Capital’s Flex Equity fund made a minority investment in BBRSS in February 2018.
“Dave has the right experience and skillset to continue to drive BBRSS forward,” said Doug Sutton, Partner and head of the Huron Capital Flex Equity Group. “Dave has a proven track record with more than 25 years of experience in executive leadership, corporate growth, product lifecycle management, physical security, and logistics and his goals are aligned with our long-term growth initiatives and vision for the future.”
Patterson most recently served as vice president and general manager of Convergint Technologies, a company that designs, installs, and services electronic security, fire alarm, and life safety systems. He was previously president and CEO of Tech-Enabled Solutions from 2015 to 2018, and was president of Intel Federal LLC from 2011 to 2015. In addition, Patterson has served on the board of directors for the Homeland Security & Defense Business Council, Intel Federal LLC, Optelecom-NKF, and Siemens Government Services.
“BBRSS has a been a leader and innovator in the crash barrier and smart gate industry for almost a century and offers a wide range of products that keep our nation’s critical infrastructure and transportation infrastructure safe,” Patterson said. “I am looking forward to working with the team at BBRSS and Huron Capital as we build on that history and pursue a second century of growth.”
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 190 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.
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.