Huron Capital Partners has teamed up with Terry Heath to launch Sciens Building Solutions, a provider of fire detection services. No financial terms were disclosed.
DETROIT, MI, September 1, 2015 – Huron Capital Partners (“Huron Capital”) today announced it has formed a partnership with industry executive Terry Heath to build a platform company in the fire detection services industry. Through a holding company, Sciens Building Solutions, Huron Capital plans to capitalize on the increasing focus on fire safety for commercial and institutional buildings. Fire detection services include installation of fire alarm products, inspection and test services, ongoing maintenance and monitoring.
“We are excited to partner with Terry to build a national platform focused on exceptional customer service and specialized capabilities within fire detection,” said Jim Mahoney, Partner at Huron Capital. “We believe demographic and regulatory trends will drive growth in the fire detection space, and Terry is an experienced executive in this market who will provide strong leadership to the platform.”
Heath served as a long-time executive at Siemens Corporation, most recently serving as Senior Vice President of Corporate Technology USA. His Siemens experience included 18 years in the Building Technologies division, where he focused on building fire and security detection systems.
“Huron Capital is a great fit for this opportunity and I’m looking forward to the mutually beneficial partnership as we look to establish a strong presence in this industry together,” added Heath. “Through the ExecFactor® program, Huron Capital can provide the necessary financial, strategic and operational resources to support my goal to build and lead a world-class fire detection services business.”
Sciens Building Solutions will target companies with the following parameters, but all relevant acquisition opportunities will be considered:
· Companies providing fire detection services to commercial buildings (including high tech, bio tech, and multi-tenant, among others), universities, hospitals, and other large, non-residential buildings
· Strong financial performance with revenue of at least $15M
· Geography: U.S. and Canada
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 its proprietary ExecFactor® buy-and-build investment model. Huron prefers complex situations where it can help companies reach their full potential by combining its operational approach, substantial capital base and transaction experience with proven operating executives. Founded in 1999, Huron has raised over $1.1 billion in capital through four committed private equity funds, invested in over 100 companies, and its portfolio companies have employed over 7,500 people throughout North America. The Huron ExecFactor® 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’s sector focus includes specialty manufacturing, business services, consumer goods & services, and healthcare. For more information, please visit www.huroncapital.com