Huron-backed ExecFactor forms mechanical services provider Exigent

Exigent will focus on highly technical mechanical services in the built environment such as HVAC, plumbing, power, and energy efficiency.

  • Exigent’s launch coincides with the company’s first partnership, American Combustion Industries Inc, a critical system repair and maintenance business
  • ACI’s owner and President Tim Kirlin will maintain an equity stake in Exigent and join the company’s growing executive team
  • Moss Adams LLP served as financial diligence advisor to Huron

ExecFactor, which is backed by Huron Capital, has launched Exigent, a provider of repair, maintenance, and replacement services to large facility operations for education, healthcare, industrial, government, and commercial customers. Exigent will focus on highly technical mechanical services in the built environment such as HVAC, plumbing, power, and energy efficiency. No financial terms were disclosed.

“We are excited about launching Exigent and building out our next platform in the commercial and industrial services industry.” said Huron Partner Scott Hauncher, in a statement. “This is an opportunity to put our proven playbook to work again. We will be building a world class executive team, investing in people, training, technology, and equipment, instituting an M&A strategy, and driving integration to create what we believe will become a cohesive market leading business.”

Exigent’s launch coincides with the company’s first partnership, American Combustion Industries Inc, a critical system repair and maintenance business located in Glenn Dale, Maryland. ACI’s owner and President Tim Kirlin will maintain an equity stake in Exigent and join the company’s growing executive team.

ACI was sourced proprietarily and did not employ a financial advisor. Honigman LLP served as legal advisor and Moss Adams LLP served as financial diligence advisor to Huron. Venable LLP served as legal advisor to ACI.

Huron was founded in Detroit in 1999. Huron Capital has managed over $1.8 billion on behalf of a global institutional investor base.

Founded in 1976, ACI is a union mechanical service company serving customers throughout Washington D.C., Maryland, and Northern Virginia.