Detroit-based Huron Capital has hired Scott Hauncher as a new partner and promoted long-time employees James Mahoney and David Reynolds to Senior Partners.
“We believe the addition of Scott and promotions of Jim and David reflect the strength of Huron Capital’s leadership and team, as well as our need for a deeper bench to lead our expanded investment strategies, capital base and portfolio of companies,” said Brian Demkowicz, Managing Partner. “Scott’s experience in the private equity industry is a great fit for our focus areas. Likewise, since joining the firm, Jim and David have continuously demonstrated the dedication, knowledge and values important to Huron Capital and the executives and companies with whom we partner.”
Mr. Hauncher has more than 17 years of investment experience. Prior to joining Huron, he was a partner at Detroit-based Superior Capital where he was responsible for sourcing, executing and managing investments across an array of industries with a specialization in manufacturing and business services. He has a BS in accounting from the Wharton School at the University of Pennsylvania and an MBA from the Kellogg School of Management at Northwestern University.
Mr. Mahoney joined Huron Capital over a decade ago and has more than 17 years of private equity experience. At Huron he has been active with many of the firm’s portfolio companies including Sciens Building Solutions, Albireo Energy, XLerate Group and Valentus Specialty Chemicals.
Mr. Reynolds joined Huron Capital in 2007 and currently serves as Chief Financial Officer and Chief Compliance Officer. He oversees administrative operations for the firm, as well as general and limited partnership accounting, reporting and compliance.
2017 was an active year for Huron Capital. The firm completed 21 transactions composed of four new platforms, 14 add-ons and three exits. The firm invests up to $70 million per transaction in middle-market companies that have revenues up to $200 million and EBITDAs of $5 million or more. Sectors of interest include specialty manufacturing, business services, consumer goods & services, and healthcare. Huron was founded in 1999 and has offices in Detroit and Toronto (www.huroncapital.com).
“We have continuously been impressed with David and Jim throughout their more than 10 years with us and are confident in their abilities to help continue growing the firm,” said Michael Beauregard, Senior Partner.
© 2018 Private Equity Professional | February 7, 2018