DETROIT, Oct. 23, 2017 /PRNewswire/ -- Huron Capital announced today that it has invested in Troy, Mich.-based Hansons Holdings, LLC ("Hansons"), in partnership with management. Hansons is one of the leading providers of services in the home repair and renovations market in the state. This represents the initial investment in Huron Capital's latest buyout fund.
Founded in 1988 by CEO Brian Elias, Hansons is a leading provider of marketing and support services for the installation of replacement windows, roofing and siding. According to the Joint Center for Housing Studies of Harvard University, the exterior replacement market in the U.S. is estimated to be $40 billion. Including its headquarters in Troy, Hansons has eight locations throughout Michigan and Ohio. The company's "1-800-Hansons…Get it Done" jingle is well-known to consumers throughout the region.
"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 Brian Elias, CEO of Hanson. "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, 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."
Hansons was represented in this transaction by Angle Advisors, an investment bank based in the Detroit area.
About Huron Capital Partners LLC
Based in Detroit, Huron Capital is an operationally-focused private equity firm with a long history of growing lower middle-market companies through our proprietary ExecFactor® buy-and-build investment model. We prefer complex situations where we can help companies reach their full potential by combining our operational approach, substantial capital base, and transaction experience with seasoned operating executives. Founded in 1999, Huron Capital has raised over $1.8 billion in capital through six committed private equity funds and invested in over 140 companies, and our portfolio companies have employed over 11,000 people throughout North America. The Huron Capital buy-and-build investment model includes equity recapitalizations, family succession transactions, market-entry strategies, corporate carve-outs, and management buyouts of companies having revenues up to $200 million. Huron Capital targets both control and non-control equity stakes in fundamentally-sound companies that can benefit from the firm's operational approach to creating value. Huron Capital's sector focus includes business services, consumer products & services and specialty industrials. For more information, please visit www.huroncapital.com.
SOURCE Huron Capital