Huron Capital Launches Fire Detection Services Platform
Detroit, MI – September 1, 2015 – Huron Capital Partners (“Huron Capital”) today announced it has formed a partnership with industry executive Terry Heath to build a platform company in the fire detection services industry. Through a holding company, Sciens Building Solutions, Huron Capital plans to capitalize on the increasing focus on fire safety for commercial and institutional buildings. Fire detection services include installation of fire alarm products, inspection and test services, ongoing maintenance and monitoring.
“We are excited to partner with Terry to build a national platform focused on exceptional customer service and specialized capabilities within fire detection,” said Jim Mahoney, Partner at Huron Capital. “We believe demographic and regulatory trends will drive growth in the fire detection space, and Terry is an experienced executive in this market who will provide strong leadership to the platform.”
Heath served as a long-time executive at Siemens Corporation, most recently serving as Senior Vice President of Corporate Technology USA. His Siemens experience included 18 years in the Building Technologies division, where he focused on building fire and security detection systems.
“Huron Capital is a great fit for this opportunity and I’m looking forward to the mutually beneficial partnership as we look to establish a strong presence in this industry together,” added Heath. “Through the ExecFactor® program, Huron Capital can provide the necessary financial, strategic and operational resources to support my goal to build and lead a world-class fire detection services business.”
Sciens Building Solutions will target companies with the following parameters, but all relevant acquisition opportunities will be considered:
- Companies providing fire detection services to commercial buildings (including high tech, bio tech, and multi-tenant, among others), universities, hospitals, and other large, non-residential buildings
- Strong financial performance with revenue of at least $15M
- Geography: U.S. and Canada
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.