ROCHESTER, Mich., April 7 /PRNewswire/ -- Allegent Capital, LLC, a newly formed private buyout group located in Rochester, announced its formation today. This announcement was made by the firm's founder and owner, Daniel Fuhrman, formerly of FGH Capital, LLC. Allegent Capital is focused on acquiring specialty, niche market industrial manufacturing and services companies with $5 million to $75 million in sales that are profitable, possess strong management talent, and have attained leadership positions in niche markets. Allegent Capital is funded by its principal and by outside investors. Daniel Fuhrman founded FGH Capital, LLC in January 2003. Separately, Fuhrman announced today that FGH Capital is undergoing a restructuring. "Allegent Capital is the successor to FGH Capital," said Fuhrman. "It is a buyout firm predicated on the same philosophy upon which I founded FGH Capital. I created Allegent Capital to take advantage of the same types of private investment buyout opportunities that I have been working on for the past two years. These are small, niche market companies that are well run and are leaders in their markets. There is a lack of capital and in some cases, a lack of management talent, available to these types of companies, which represents an opportunity for us." Prior to founding Allegent Capital and FGH Capital, Fuhrman was vice president of strategic planning at MascoTech, which was acquired by Heartland Industrial Partners in November 2000 and re-named Metaldyne, Inc. Fuhrman has been involved in many transactions during his career at MascoTech, the LEK Consulting Group, and Bain & Company. For further information, please contact Daniel Fuhrman, managing director, Allegent Capital, LLC, 414 East Street, Suite 200, Rochester, MI 48307; 248-650-8300.
SOURCE Daniel Fuhrman