Detroit-based Huron Capital’s non-control Flex Equity Group today announced it has partnered with independent sponsor Empeiria Capital and the Minneapolis-based Pohlad family, owners of the Minnesota Twins, in a joint investment in B&B Roadway Security Solutions.
Since 1925, BBRSS has created roadway safety and perimeter security solutions for government and commercial customers nationally. BBRSS has two distinct but complementary divisions, B&B Roadway and B&B ARMR.
The B&B Roadway division manufactures a complete line of road and bridge traffic products, while B&B ARMR designs and manufacturers perimeter gates and crash-rated barriers for anti-terrorism and high-security applications. BBRSS, which will continue to be led by CEO Paul Matthews, is based in McKinney, Texas, and has a manufacturing facility in Russellville, Ala.
“We are thrilled to be partnering with our new equity partners, which bring complementary resources and operating expertise to grow the business and take us to the next level,” says Matthews. “With a shared value system and long-term vision for BBRSS, we look forward to working together to further enhance the business.”
Doug Sutton, a partner and head of the Huron Capital Flex Equity Group, says the investment will help “build on the foundation BBRSS has established, and help support the company’s future growth initiatives with resources from our operating partner network.”
Huron Capital is an operationally focused private equity firm that assists with the growth of lower middle-market companies through its ExecFactor buy-and-build investment model. Founded in 1999, Huron Capital has raised more than $1.8 billion in capital through six committed private equity funds and invested in over 150 companies (with a collective workforce of more than 11,000 people throughout North America).
Empeiria Capital Partners is a private equity firm that acquires small and mid-cap businesses primarily in the energy, industrial, and food and consumer packaged goods sectors. The Pohlad family’s holdings and investments span several industries, including the automotive, real estate investment and development, manufacturing automation and robotics, radio and media, high-end jewelry, and commercial real estate finance industries. The Pohlad family also owns Major League Baseball’s Minnesota Twins.