Premier Mechanical Joins Exigent in Latest Acquisition
Deal News | Jan 21, 2025 | Huron Capital Partners LLC
Huron Capital Partners, a private equity firm known for its lower middle-market investments, has announced another strategic acquisition through its portfolio company, The Exigent Group. Along with Smith-Boughan Mechanical, an Exigent operating company, Huron has acquired Premier Mechanical, a company specializing in commercial and industrial HVAC services based in Lima, Ohio. This acquisition marks the seventh for Exigent since August 2022 and the second in Northwest Ohio. The collaboration between Premier and Smith-Boughan seeks to enhance Exigent's regional influence and bolster sustainable growth with Premier's technical and service-focused approach. Exigent is part of Huron Capital's ExecFactor investment strategy, which emphasizes growth through strategic partnerships and acquisitions. Huron Capital, headquartered in Detroit and established in 1999, has a substantial history of empowering management teams to enhance service offerings and achieve market expansion. The firm manages over $2 billion in capital, focusing on businesses with revenues between $20 million and $200 million.
Sectors
- Private Equity
- HVAC and Mechanical Services
Geography
- United States, Ohio – The acquisition involves Premier Mechanical, a company based in Lima, Ohio.
- United States, Michigan – Huron Capital, the private equity firm behind the acquisition, is based in Detroit, Michigan.
Industry
- Private Equity – The article discusses an acquisition made by a portfolio company of Huron Capital, a private equity firm.
- HVAC and Mechanical Services – Premier Mechanical operates within the commercial and industrial HVAC and mechanical services sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Huron Capital Partners LLC | Private Equity Firm | Company | A leading lower middle-market private equity firm managing over $2 billion in capital. |
| The Exigent Group | Acquirer | Company | A portfolio company of Huron Capital focused on HVAC and mechanical system services. |
| Smith-Boughan Mechanical | Operating Company | Company | An operating company under Exigent, contributing to mechanical and HVAC services. |
| Premier Mechanical | Target Company | Company | A commercial and industrial HVAC and mechanical services company based in Lima, Ohio. |
| Jonathan Marino | PR Contact | Person | A contact person at Prosek Partners for the transaction press release. |