Detroit-based Huron Capital today announced an investment in Troy-based Hansons Holdings, a provider of services in the home repair and renovations market statewide. The effort represents the initial investment in Huron Capital’s latest buyout fund.
Founded in 1988 by CEO Brian Elias, Hansons provides marketing and support services for the installation of replacement windows, roofing, and siding. Including its Troy headquarters, Hansons operates eight locations throughout Michigan and Ohio.
“Huron Capital has a history of investing in marketing services and consumer businesses, making Hansons a great fit,” says Sean Roberts, a principal at Huron Capital. “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 the transaction by Angle Advisors, a metro Detroit investment firm.
Huron Capital is an operationally-focused private equity firm that grows lower middle-market companies through a buy-and-build investment model. Since its inception in 1999, the company has raised more than $1.8 billion in capital through six committed private equity funds and invested in more than 140 companies.