Huron Capital Completes Non-Control Investment
Detroit, MI – August 1, 2017 – Huron Capital today announced its non-control equity group, Huron Flex Equity, invested in Creedmoor, N.C.-based Stay Online.
Founded in 1987 by Jim and Bellinda Higgins, Stay Online manufactures and distributes a wide selection of highly-specialized power cords and cables for the data center, power infrastructure, and industrial markets. The company has one of the largest in-stock inventories of its kind in the world, and exports to more than 100 countries annually. Jim Higgins will continue in his role as CEO after the investment.
“I am delighted to be partnering with Huron Capital,” said Higgins. “We are proud of the strong company we have built, so it’s important that we partner with an investor who understands our team and can serve as an asset as we work together to further grow the business.”
“Stay Online is an exciting and promising investment for us,” said Doug Sutton, Partner and Head of Huron Flex Equity. “The company has a solid base of blue-chip clients in a variety of end-markets, and we plan to work actively with Jim and the company to pursue both organic and acquisition growth opportunities.”
Brian Demkowicz, Managing Partner of Huron Capital, added, “We have long history of partnering with entrepreneurs to build bigger, better companies. We look forward to working with the Stay Online team to help them improve and grow their business.”
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