Huron Capital has acquired Hansons Holdings, a provider of home repair and renovations. The investment in Hansons is the first for the firm’s latest fund, The Huron Fund V, which closed in February 2017 with $550 million of capital commitments.
Hansons is a provider of marketing and support services for the installation of replacement windows, roofing and siding. The company was founded in 1988 by CEO Brian Elias and has eight locations throughout Michigan and Ohio. Hansons is headquartered in the Detroit suburb of Troy (www.hansons.com).
“I’m proud of the brand and business we’ve built at Hansons, and I’m confident Huron Capital is the right partner to help us continue our growth,” said Mr. Elias. “We look forward to working with the Huron Capital team as we expand into new products and markets.”
“Huron Capital has a history of investing in marketing services and consumer businesses, making Hansons a great fit,” said Sean Roberts, a Huron Capital Principal. “Hansons has a highly-visible and well-respected brand. The business has a systematic approach towards lead generation and project management, all of which we believe provides a strong foundation for us as we pursue new growth, both organically and through acquisition.”
Huron Capital 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).
Hansons was represented on this transaction by Angle Advisors, a Birmingham, MI-based investment bank.
© 2017 Private Equity Professional | November 13, 2017