Detroit-based Huron Capital has announced the hiring of a new partner, Scott Hauncher, and the promotion of James Mahoney and David Reynolds, both long-time employees of Huron, to senior partners.
“We believe the addition of Scott and promotions of Jim and David reflect the strength of Huron Capital’s leadership and team, as well as our need for a deeper bench to lead our expanded investment strategies, capital base and portfolio of companies,” says Brian Demkowicz, managing partner. “Scott’s experience in the private equity industry is a great fit for our focus areas. Likewise, since joining the firm, Jim and David have continuously demonstrated the dedication, knowledge and values important to Huron Capital and the executives and companies with whom we partner.”
Bringing more than 17 years of investment experience with him, Hauncher recently served as partner at private equity firm Superior Capital, where he sourced, executed, and managed investments of a variety of industries with a specialization in manufacturing and business services. Hauncher graduated with a Bachelor of Science in accounting from the Wharton School at the University of Pennsylvania. Additionally, he earned a Master of Business Administration from the Kellogg School of Management at Northwestern University.
Mahoney has more than 17 years of private equity experience and has been with Huron for more than a decade. Before joining the firm, he worked for Conway MacKenzie Inc. and Robert W. Baird and Co., where he was responsible for the execution of mergers and acquisitions advisory and capital raising transactions focused primarily in the industrial, consumer product, and business services sectors. Mahoney works on several of the firm’s ExecFactor investment initiatives, such as Sciens Building Solutions, Albireo Energy, and Valentus Specialty Chemicals. He has a Bachelor of Arts in economics and political science from Villanova University and a Master of Business Administration with a concentration in finance and accounting from The University of Chicago. He currently serves on the boards for Albireo Energy, Sciens Building Solutions, Valentus Specialty Chemicals, and XLerate Group.
Reynolds has been at Huron since 2007 and is currently chief financial officer and chief compliance officer. He is responsible for overseeing the administrative operations for the firm, as well as general and limited partnership accounting, reporting, and compliance. Before coming to Huron, he was CFO of Printegra Corp., a former Huron Capital portfolio company, where he was responsible for all mergers and acquisitions, finance, accounting, credit, and risk management functions, and helped lead the company through the Huron Capital-sponsored recapitalization. Reynolds has a Bachelor of Arts in mathematics from Kenyon College and a Master of Business Administration and a Master of Professional Accountancy from Georgia State University. He is on the board of the Midwest Chapter of the Private Equity CFO Association.
“We have continuously been impressed with David and Jim throughout their more than 10 years with us and are confident in their abilities to help continue growing the firm” says Michael Beauregard, senior partner. “We believe Scott will add value to our team with his deep knowledge of the industry, understanding of our investment philosophy and fit within our culture.”
In 2017, Huron gained four new platforms and had three exits, completing 21 transactions across the business services, consumer, and specialty industrials sectors, aggregating to a total transaction value of over $700 million. Additionally, they completed 14 add-on deals in 10 different states and across nine separate platform companies.
Huron Capital is an operationally-focused private equity firm founded in 1999. Huron has raised more than $1.8 billion in capital through six private equity funds and invested in over 140 companies, with portfolio companies that have employed more than 11,000 people throughout North America. The Huron Capital buy-and-build investment model includes equity recapitalizations, family succession transactions, market-entry strategies, corporate carve-outs, and management buyouts of companies having revenues up to $200 million. Huron targets both control and non-control equity stakes in companies that can benefit from the firm’s operational approach to creating value. Huron Capital’s sector focus includes business services, consumer products and services, and specialty industrials.