Huron Capital Reports Another Strong Year of Growth in 2017
Detroit, MI – January 15, 2018 – Huron Capital today announced 2017 was another active year for the 18-year-old firm, marked by four new platforms and three exits. Huron completed 21 transactions during the year across the firm’s three sectors of interest: business services, consumer and specialty industrials. Exemplifying its buy-and-build model, Huron Capital’s team completed 14 add-on deals in 10 different states, across nine separate platform companies.
Huron Capital’s four new platforms include:
- Stay Online – Creedmoor, North Carolina-based Stay Online manufactures and distributes a wide selection of highly-specialized power cords and cables for the data center, power infrastructure, and industrial markets. This non-control investment was made through the Huron Flex Equity group.
- Aquamar Holdings (Aquamar) – Rancho Cucamonga, California-based Aquamar serves the surimi seafood market, producing and selling crab flavored seafood to food service, food manufacturing, and retail channels. The platform was formed with the simultaneous acquisitions of Aquamar, Inc. and LM Foods, LLC.
- Hansons Holdings, LLC (Hansons) – Troy, Michigan-based Hansons is a leading provider of marketing and support services for the installation of replacement windows, roofing and siding.
- Pueblo Mechanical & Controls, Inc. (Pueblo) – Tucson, Arizona-based Pueblo provides a full spectrum of HVAC replacement, retrofit and repair services primarily for facilities in education, municipal, and healthcare end markets throughout Arizona.
In addition to deal closings in 2017, Huron Capital recorded a strong and active year in other ways. The firm’s non-control Flex Equity team helped spread awareness that not all private equity deals need to be buyout deals. Huron Capital team members were featured speakers, moderators or panelists at more than 35 different industry events throughout the year. In addition, the firm was once again named “Dealmaker of the Year” by the Association for Corporate Growth Detroit chapter.
“Looking back to our founding in 1999, the firm’s growth has been exciting,” said Managing Partner Brian Demkowicz. “We have made over 140 investments, have raised six funds totaling over $1.8 billion, and can make equity investments on a control or non-control basis. While 2017 was another great year with 21 deal closings, we will continue to push forward in 2018 to seek out attractive investment opportunities and strong executive partners.”
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. Founded in 1999, Huron Capital has raised over $1.8 billion in capital through six committed private equity funds and invested in over 140 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.