Trive Capital has acquired Huron, a supplier of tubular assemblies and other machined products for the automotive industry, from SunTx Capital Partners.
“The Huron acquisition represents Trive’s third platform investment since launching the firm just eight months ago. We are thrilled to add such a strong business to our existing portfolio, and we look forward to partnering with the company and its talented employees to capitalize on several tangible near term opportunities,” said Conner Searcy, Managing Partner at Trive.
Huron is a supplier of value-added tubular assemblies and precision components used in automotive engine, transmission, fuel and climate control systems. Customers of Huron include some of the world’s largest car manufacturers, as well as key automotive OEM and Tier I suppliers. Huron was founded in 1943 and is based in Lexington, MI (www.huroninc.com).
Trive Capital invests from $5 million to $40 million in US based middle market companies that have revenues from $30 million to $500 million. Sectors of interest include automotive & transportation; aerospace & defense; building products; construction & infrastructure; consumer goods; energy services; healthcare; manufacturing/industrials; chemicals; distribution; business & professional services; and communications. The firm is based in Dallas (www.trivecapital.com).
“Trive aims to partner with strategically viable businesses on the cusp of a stepwise improvement in performance. We respect the long-standing relationships Huron has with its customers, suppliers, and employees and look forward to leveraging our deep experience within the automotive space to further enhance the business,” said Chris Zugaro, a Partner at Trive.
© 2013 PEPD • Private Equity’s Leading News Magazine • 3-1-13
