Huron Capital, a lower middle-market private equity firm in Detroit, today announced that its portfolio company Pacific Shoring Products has acquired Texas-based safety equipment firm Xterra Trench Shields. Terms of the deal were not disclosed.
The combination of the two companies creates one of the largest trench safety products manufacturers in the United States. Huron Capital invested in Pacific Shoring through its Flex Equity fund in 2019.
Xterra Trench Shields was established in 2017 in Pasadena, Texas, and has grown to be a leading manufacturer of trench safety products. It offers both steel and aluminum trench safety products but has focused primarily on trench shields, slide rail, and steel framed aluminum boxes.
“We are pleased to have joined forces with Pacific Shoring Products,” says Tim Christian, former president of Xterra and newly named executive vice president of Pacific Shoring Products. “Our shared values include a focus on servicing our customers, business integrity, and expertise in trench safety made this an easy transition. We look forward to promoting our full product line to the entire industry.”
Tony Pulice, a partner at Huron Capital, says, “Xterra is an exciting investment for us because the company complements Pacific Shoring and will accelerate the growth of the platform through expanded capabilities in the aluminum trench safety products space.”
Huron Flex Equity has now completed non-control equity investments in five companies. Officials say they continue to evaluate additional opportunities to help business owners accomplish a variety of growth and liquidity goals.
Since its inception, Huron Capital has established six private equity funds with aggregate committed capital exceeding $1.8 billion and has invested in more than 200 companies. Its portfolio companies have employed more than 11,000 people throughout North America.