Huron Capital Reports Strong Year of Growth
Detroit Private Equity Firm Adds Four Platforms, Completes 20 Deals in 2016
DETROIT, Jan. 12, 2017 /PRNewswire/ -- 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."
About Huron Capital Partners LLC
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 $1.1 billion in capital through four committed private equity funds and invested in over 125 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 majority and less-than-majority 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 manufacturing. For more information, please visit www.huroncapital.com.
SOURCE Huron Capital Partners LLC
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