Detroit’s Huron Capital Forms New Platform for Repair and Maintenance Services

Huron Capital, a middle-market private equity firm based in Detroit, has created its latest ExecFactor platform called Exigent, which will provide a variety of mission-critical repair, maintenance, and replacement services to large facility operations for education, health care, industrial, government, and commercial customers.
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Exigent, the new platform from Detroit's Huron Capital, will provide a variety of mission-critical repair, maintenance, and replacement services to large facility operations for education, health care, industrial, government, and commercial customers. // Courtesy of Huron Capital
Exigent, the new platform from Detroit’s Huron Capital, will provide a variety of mission-critical repair, maintenance, and replacement services to large facility operations for education, health care, industrial, government, and commercial customers. // Courtesy of Huron Capital

Huron Capital, a middle-market private equity firm based in Detroit, has created its latest ExecFactor platform called Exigent, which will provide a variety of mission-critical repair, maintenance, and replacement services to large facility operations for education, health care, industrial, government, and commercial customers.

“We are excited about launching Exigent and building out our next platform in the commercial and industrial services industry,” says Scott Hauncher, partner at Huron. “This is an opportunity to put our proven playbook to work again. We will be building a world class executive team, investing in people, training, technology, and equipment, instituting an M&A strategy, and driving integration to create what we believe will become a cohesive market leading business.”

Exigent will focus on highly technical mechanical services in the built environment such as HVAC, plumbing, power, and energy efficiency. Its launch coincides with the company’s first partnership, American Combustion Industries Inc. (ACI), a critical system repair and maintenance business located in Glenn Dale, Md.

ACI focuses on boilers, chillers, plumbing, and other complex, technical services within a wide range of facilities. Tim Kirlin, owner and president of ACI, will maintain an equity stake in Exigent and will join the company’s growing executive team.

“Huron’s deep experience in the broader facility services sector makes it the ideal partner to support ACI’s next chapter of growth. The opportunity to be one of the foundational businesses in the Exigent platform is exciting,” says Kirlin.

“I am looking forward to expanding the suite of services we can provide to our customers by deploying Huron’s proven buy-and-build playbook to partner with complementary businesses that share ACI’s core values. This is something I have envisioned for the past few years, and I am excited to partner with Huron to bring it to life.”

ACI’s union technicians and its model for providing high-quality, reliable, and largely non-discretionary services focused on complex systems are some of the core attributes Exigent will look for in future business partners.

“I am personally excited to build on existing relationships and to be able to support this team as we create a new industry leader,” says Jim Mahoney, managing partner at Huron. “Huron aims to build a lasting relationship with every founder we work with, and I have had the benefit of knowing Tim for many years. The business and culture that Tim has built at ACI is a great fit with how we look to build businesses at Huron.”

ACI was sourced proprietarily and did not employ a financial advisor. Honigman served as legal advisor and Moss Adams served as financial diligence advisor to Huron. Venable served as legal advisor to ACI.

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