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;
SOURCE Daniel Fuhrman