Sciens Building Solutions, which is backed by Huron Capital Partners LLC, has acquired Boca Raton, Fla.-based WSA Systems-Boca Inc, which provides maintenance services for fire detection and clean agent fire suppression systems. No financial terms were disclosed.
DETROIT, Sept. 6, 2016 /PRNewswire/ — Huron Capital Partners LLC (“Huron Capital”) today announced its fire detection and security services ExecFactor® platform, Sciens Building Solutions (“Sciens”), has acquired Boca Raton, Fla.-based WSA Systems-Boca, Inc. (“WSA”). Huron Capital formed Sciens in 2015 as an ExecFactor® initiative in partnership with former Siemens executive, Terry Heath, to pursue a buy-and-build initiative in the fire detection and security services sector.
WSA designs, installs and provides maintenance services for fire detection and clean agent fire suppression systems in a variety of commercial, institutional and government facilities. The company also offers customers complementary security solutions, such as access control, CCTV and mass notification systems. WSA has been owned and operated by Brad Golub and Joe Del Pizzo, both of whom will remain active in the business as WSA continues to serve customers in its regional market of Southern Florida as a division of Sciens.
“Brad and Joe have done a great job building WSA into the successful organization it is today, and we are excited for them join the Sciens team as we seek to develop our platform across North America,” said Heath, Sciens CEO. “WSA is an excellent strategic fit for Sciens, and we are eager to leverage the Company’s strong relationships with its customers and vendors.”
Jim Mahoney, partner at Huron Capital, added: “We are excited to partner with Terry in this initiative, and we are thrilled to add Brad and Joe to the team. The fire detection and security services market is highly fragmented, and we believe Sciens is well-positioned to grow both organically and through further acquisitions. We look forward to continuing our work with Terry and his team as we execute our buy-and-build investment strategy in the fire detection and security services sector.”
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 120 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.