Detroit’s Huron Capital Sells Fire and Life Safety Company

Huron Capital, a leading middle-market private equity firm based in Detroit, announced it has sold a majority interest in Sciens Building Solutions, a full-service commercial fire and life safety company in San Francisco, to funds managed by global investment firm Carlyle.
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Engineer Professional are Checking A Fire Extinguisher Using Cli
Detroit private-equity firm Huron Capital has completed its eight exit this year with the sale of Sciens Building Solutions in San Francisco. // Courtesy of Sciens Building Solutions

Huron Capital, a leading middle-market private equity firm based in Detroit, announced it has sold a majority interest in Sciens Building Solutions, a full-service commercial fire and life safety company in San Francisco, to funds managed by global investment firm Carlyle.

Sciens’ senior management team and Huron will retain minority equity stakes in the business, and Huron will maintain a seat on the Sciens Board of Directors. Terms of the transaction were not disclosed.

The company is focused on the fire detection and security services sector, including the design, installation, and provision of maintenance services for fire detection and protection systems in a variety of commercial, institutional, and government facilities.

Recognizing increasingly stringent regulatory requirements, the growing importance of “smart” buildings and systems, and demographic shifts tied to urbanization, Huron — under its proprietary ExecFactor program — partnered with industry executive Terry Heath to form Sciens in 2016.

“We have a clear focus to become the largest independent FLS integrator in North America by building a scalable platform with a world-class management team,” says Heath. “As a result of the investments we made, we grew rapidly and successfully integrated numerous acquisitions. We are extremely grateful for Huron’s partnership, and I am pleased that Jim and I will be able to continue our work together as board members under Carlyle’s ownership.”

Since its founding, Sciens has made investments in its people, technology, and corporate infrastructure, including the development of a strategic M&A program. It experienced organic growth and completed 13 acquisitions, becoming a scaled national provider of mission critical FLS services.

“We have been extremely proud to support Terry and the senior management team over the last five years. Looking forward, we know that Sciens is poised for continued growth through M&A and would benefit from a larger partner with deep industry experience, and there is no one better to do this than the Carlyle team,” says Jim Mahoney, managing partner at Huron.

The sale of Sciens is Huron Capital’s eighth exit this year.

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