Huron Capital Reports Strong Growth in 2016
DETROIT, MI, January 12, 2017 – Huron Capital Partners LLC (“Huron Capital”) today announced 2016 was one of the most active years in the firm’s 17-year history, marked by four new platforms and an expansion of its equity investment platform to now include Flex Equity (non-control) investments. Huron completed 20 acquisitions during the year spanning the firm’s three sectors: business services, consumer and specialty manufacturing. Huron Capital’s team completed 16 add-on deals in 11 different states, across 8 different platform companies.
Huron Capital’s four new platforms this year included:
- Systems, Inc. – based in Germantown, Wisc., Systems is a manufacturer of hydraulic, pneumatic, and mechanical loading dock leveling equipment, truck restraints, specialty dock equipment and related accessories sold under the Poweramp, DLM and McGuire brand names.
- InterVision Systems, LLC – based in Santa Clara, Calif., InterVision is an integrator of technology solutions focused on helping clients optimize their IT infrastructure, better manage risk, and gain a competitive advantage.
- Good Sportsman Marketing, LLC (“GSM”) – based in Dallas, Texas, GSM is a designer and distributor of branded hunting accessories sold nationally through specialty retailers, mass merchants and online.
- Sciens Building Solutions – based in San Francisco, Calif., Sciens is focused on the design, installation and provision of maintenance services for fire detection and clean agent fire suppression systems in a variety of commercial, institutional, and government facilities.
In 2016, Huron Capital also launched the firm’s Flex Equity strategy, expanding its platform to make meaningful non-control investments. The Flex Equity strategy, addressing what Huron believes to be an underserved market for private companies, provides a complementary extension of Huron Capital’s established presence in the lower middle-market and focuses on the same types of companies within Huron’s core industry sectors.
In addition to deal closings in 2016, Huron Capital recorded a strong year in other ways. Huron Capital team members were featured speakers, moderators or panelists at more than 40 different industry events throughout the year, Huron’s team grew by 30 percent, the company expanded its headquarters in downtown Detroit by over 60% and the firm received 7 industry awards, including “Dealmaker of the Year” by the Association for Corporate Growth Detroit chapter.
“Huron’s team built on the firm’s positive momentum and 2016 proved to be yet another fantastic year,” said Managing Partner Brian Demkowicz. “The launch of our Flex Equity strategy added another dimension for us, as we can now invest in either a control or non-control equity position. We’re excited for the opportunities in the year ahead, and we appreciate the hard work of our entire team and our business partners who contribute to the firm’s success.”
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.