Huron Capital's Sciens Building Solutions Completes Third Acquisition
ExecFactor® Platform Focused on Fire Detection and Security Services Acquires Sabah International
DETROIT, July 18, 2017 /PRNewswire/ -- Huron Capital today announced its fire detection and security services ExecFactor® platform, Sciens Building Solutions ("Sciens"), has acquired Pleasanton, Calif.-based Sabah International, Inc. ("Sabah"). This represents the third acquisition since September 2016 for Sciens, which Huron Capital formed in partnership with CEO Terry Heath to pursue a buy-and-build investment strategy in the fire detection and security services sector.
Founded in 1972, Sabah works with its clients to design, install, service, and maintain fire detection and suppression systems, as well as leak detection and integrated security systems. The company primarily serves the technology, healthcare, financial services, education, government, and commercial end markets. Sabah CEO Michele Sabah be working closely with the Sciens Board, while Sabah President Matt Ramsey will continue in his current role of developing and growing the business.
"I am very proud of the company we have built over the years and we could not have done it without our great employees," said Michele Sabah. "We chose to partner with Sciens because of our shared values and this exciting buy-and-build strategy, which we believe will allow our employees to further develop in their careers while remaining firmly focused on the satisfaction of customers."
"With our ethos focused on people, quality and customer service, we think we have built an amazing company," said Ramsey. "We believe being part of Sciens will further reinforce our core beliefs and mission, plus provide new opportunities to Sabah employees."
"We think Sabah is a great addition to the Sciens platform," said Heath, Sciens CEO. "Sabah gives us a meaningful presence on the West Coast, with an impressive customer list and a strong reputation in the market."
Jim Mahoney, Partner at Huron Capital, added, "With three companies now under the Sciens umbrella and offices on both coasts, Sciens is becoming a significant player in the fire detection and security services arena. With Terry Heath's leadership, we will continue to look for acquisition opportunities as we seek to further expand this ExecFactor® platform."
About Huron Capital
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 $1.7 billion in capital through six committed private equity funds and invested in over 135 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 specialized industrials. For more information, please visit www.huroncapital.com.
About Sciens Building Solutions
Headquartered in San Francisco, CA, Sciens Building Solutions is a holding company focused on the fire detection and security services sector. This includes the design, installation and provision of maintenance services for fire detection and clean agent fire suppression systems in a variety of commercial, institutional, and government facilities.
SOURCE Huron Capital
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