Huron Capital Reports Strong Activity Through Mid-Year 2017
Detroit, MI – June 22, 2017 – Huron Capital Partners LLC (“Huron Capital”) today announced the firm is on pace for another strong year. Since December 2016, the Detroit-based private equity firm has completed seven acquisitions, three exits, and one dividend recap spanning three industry sectors: business services, consumer and specialty manufacturing.
Huron Capital’s three recent exits included:
- Victoria Fine Foods – based in Brooklyn, N.Y., Victoria is a leading producer and marketer of specialty Italian food products, including all natural pasta sauces, Italian condiments, and other premium Italian products. The company was sold to a strategic buyer.
- Olon Products – based in Georgetown, Ont., Olon designs and manufactures drawer components, profile wrapped moldings, edge treatments and decorative laminate products for the North American furniture, residential remodeling and cabinet-making industries. The company was sold to a family office investor.
- LeadingResponse – based in Tampa, Fla., LeadingResponse provides customer acquisition marketing services for clients in the financial services, legal, insurance, healthcare and other vertical markets. The company was sold to a private equity group.
“Huron Capital has maintained its strategic approach and pushed forward in a market where valuations are high,” said Managing Partner Brian Demkowicz. “Our team works hard, and the firm’s message of majority or minority equity investments continues to resonate with business owners across the USA and Canada.”
In addition to recent deal activity, Huron Capital’s continued success includes being named one of the Top 50 Middle Market Private Equity firms by BRMG, and the firm was once again named “Dealmaker of the Year” by the Association for Corporate Growth (ACG) Detroit chapter. Lastly, Huron Capital Vice President Matt Hare received the “Rising Star” award by ACG Detroit.
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.