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Huron Capital Launches Enterprise Application Services Platform (“EAS Platform”) to Provide IT Application and Business Process Services
The ExecFactor® initiative will offer digital solutions and business workflow design services
DETROIT, MI – September 6, 2023 – Leading middle-market private equity firm Huron Capital (“Huron”) is pleased to announce the launch of its latest ExecFactor® initiative, Enterprise Application Services, in partnership with experienced industry veteran Gene Chao. The EAS Platform will provide services to drive positive business outcomes through the implementation, customization, and management of software application solutions.
The number of applications utilized by companies of all sizes is increasing. Those applications usually support discrete business processes, are underutilized and misaligned with optimal business processes, and require upgrades, replacement, or consolidation. Manual intervention is required to extract data for use across the enterprise. Unlocking this data by having the optimal workflows in place is the first step towards leveraging tools such as AI.
“I am looking forward to working with the Huron team to launch a full spectrum of offerings including consulting, design, implementation, and managed services,” said Mr. Chao, CEO of the EAS Platform. “Huron’s deep expertise building platforms in professional services markets makes this team ideal for founders looking to grow and scale their businesses.”
Gene Chao’s experience spans well-known technology consulting companies such as IBM and Unisys to emerging technology companies, such as Amelia.ai. Over the last decade, Mr. Chao enabled widespread adoption of intelligent automation, business process re-engineering, and new technology commercialization across AI/Machine Learning, RPA and IT Automation.
“Huron Capital is pleased to partner with Gene to build a company that supports customers as they navigate their technology transformation journey from process design through managed applications services,” said Huron Principal and ExecFactor lead Mike Zukas. “This initiative is another incredible example of how the ExecFactor model can create attractive opportunities for founders to accelerate growth organically and through M&A by deploying Huron’s buy-and-build playbook.”
“We have studied and even observed in our portfolio companies that the acceleration and application of advanced technologies have been some of the biggest drivers of growth for businesses,” said Tony Pulice, Partner and Tech-Enabled Services Sector Captain at Huron. “We see an opportunity to support companies in their technology transformations as they look to remain competitive and enhance their core capabilities.”
About Huron Capital
Huron Capital brings a people-first and thematic approach to private equity investing in secularly relevant and fragmented sectors of the North American facility and infrastructure services and professional services industries. We pride ourselves on an unwavering commitment to candor, trust, accountability, and transparency in our relationships with management teams, investors, advisors, and employees.
Founded in Detroit in 1999, we partner with entrepreneurs and management teams, empowering their companies to new levels of excellence. We provide resources to help companies grow by professionalizing operations, improving service offerings, executing M&A strategies, and accessing new markets.
Huron Capital has managed over $1.8 billion on behalf of a global institutional investor base. We fulfill our commitment to all stakeholders by employing a repeatable playbook to drive thoughtful value creation, showcased in over 270 acquisitions since the firm’s inception.
About ExecFactor®
ExecFactor® is Huron Capital’s proprietary, thematic investment strategy where we underwrite an industry and partner with an executive to deploy our buy-and-build investment model. This strategy brings together our sector focus, deep industry relationships, committed capital and repeatable buy-and-build approach to create a new platform investment.
Recently closed ExecFactor® investments include ExperiGreen, a provider of residential lawn care services and Exigent, a provider of mission-critical repair, maintenance, and replacement services to large facility operations for education, healthcare, industrial, government, and commercial customers.
Recently exited ExecFactor® investments include Sciens Building Solutions, a prominent full-service commercial fire and life safety company; Pueblo Mechanical & Controls, a premier commercial HVAC and plumbing services company; and Highstreet Insurance Partners, a full-service insurance brokerage platform.
Contact
Jonathan Marino
Prosek Partners
jmarino@prosek.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.
