Huron Capital has named Jim Mahoney as a new managing partner to work alongside Brian Demkowicz as part of the firm’s management succession plan.
In his new role, Mr. Mahoney will manage Huron’s day-to-day operations while continuing to lead new investment opportunities. In addition to his portfolio company board roles and his role as a member of the firm’s investment committee, he has also now joined Huron Capital’s board of directors.
“Brian has established a world-class investment platform that has successfully navigated through multiple market cycles by relying on its operationally-focused investment approach and outstanding people,” said Mr. Mahoney. “I am honored to have the opportunity to work alongside the next generation of senior investment professionals and lead the firm through its next exciting chapter. In the coming years, we will be focused on building upon our considerable accomplishments over the past two decades to achieve new levels of success.”
Mr. Mahoney joined Huron in 2007 and has led numerous investments for the firm. His sector experience is wide, and he has specific expertise in the business services space, including facility, infrastructure, and utility services. He currently serves on the board of six active Huron Capital portfolio companies, including Albireo Energy, Sciens Building Solutions, and Sunland Asphalt & Construction.
Mr. Demkowicz, the firm’s co-founder, will remain actively involved with Huron Capital through a continuing role as managing partner alongside Mr. Mahoney and, as the firm’s chairman of the board, he will continue to provide oversight of Huron Capital’s investment and fundraising strategies, and strategic and value-creation activities.
“I am excited about Huron Capital’s future under Jim’s leadership,” said Mr. Demkowicz. “Our succession strategy is the product of thoughtful planning over the past two years to ensure that this important transition occurs in a measured, methodical, and transparent way for our team and investors. This move greatly enhances our senior leadership team and provides a strong foundation for our continued success. Jim has earned his stripes as a strong leader and successful investor, making him thoroughly qualified to take on this leadership position.”
Huron Capital makes control and non-control investments in companies with revenues of $20 million to $200 million and EBITDAs of $5 million or more. Sectors of interest include business services, consumer goods and services, and specialty industrials.
“I am extremely proud of our team and the strong investment franchise we have built over the past 22 years. I remain deeply committed to Huron Capital and continue to devote all my professional time and effort toward the firm,” concluded Mr. Demkowicz. “I am extremely grateful for the continued support of our investment partners and believe that our senior leadership team is well-positioned to build upon Huron Capital’s successful legacy and lead the firm into its next phase of growth and prosperity.”
Founded in 1999, Detroit-based Huron Capital has raised over $2 billion in capital through 6 private equity funds and invested in over 200 companies.
© 2021 Private Equity Professional | February 17, 2021