Hughes Associates, which is backed by Huron Capital Partners, has acquired Edan Engineering Corp. Financial terms weren’t announced. Vancouver, Wash.-based Edan Engineering specializes in electrical systems analysis, evaluation, testing, and research.
Just six months after our platform investment in Hughes Associates, Huron is pleased to announce the closing of a synergistic add-on for the platform, Edan Engineering Corporation. Edan specializes in electrical systems analysis, evaluation, testing, and research in critical infrastructure environments such as nuclear power facilities and military bases.
The deal allows Hughes to broaden its service offerings and increase its presence in these important and growing sectors, where recent events around the world have heightened public and government awareness of the need to safeguard these critical facilities.
About Huron Capital Partners LLC
Huron Capital is one of the leading operationally-focused private equity firms investing in lower middle-market companies. The firm typically invests up to $70 million to sponsor buyouts, growth initiatives, corporate spin-offs, and recapitalizations of niche manufacturing, specialty service, and value-added distribution companies having revenues up to $300 million. Huron seeks opportunities where it can help companies reach their full potential by combining its operational approach, capital, and transaction experience with proven operating executives who have the vision, experience, and commitment to grow their businesses.
Since its founding in 1999, Huron has acquired or invested in 54 companies with aggregate revenues approaching $1 billion. Investments have been made in the USA and Canada in a variety of areas, including document process outsourcing, education, healthcare products & services, specialty chemicals, specialty packaging, consumer products, home decor, food products, engineering services, office furniture components, and laboratory testing. Huron Capital currently manages over $600 million in committed equity through three private equity funds, and has offices based in Detroit and Toronto. The firm has consistently generated top-quartile returns for its limited partners. For more information, please visit us at www.huroncapital.com.