Huron Capital Partners in Detroit, a lower middle-market private equity platform, announced Jim Mahoney as managing partner alongside Brian Demkowicz as part of a management succession plan.
Since joining the firm in 2007, Mahoney has led successful investments and has served on more than 12 portfolio company boards. Although his experience covers a range of industries, he is focused primarily on niche segments within the business services space, including facility, infrastructure, and utility services.
In his new role, Mahoney will be responsible for managing the firm’s day-to-day operations while continuing to lead new investment opportunities. In addition to his portfolio company board roles and as a key member of the investment committee, he has been added to the Huron Capital board.
Demkowicz, co-founder of Huron Capital, will remain involved as part of the firm’s leadership team through his continuing role as managing partner alongside Mahoney. He will continue to provide oversight of the firm’s investment and fundraising strategies. In addition, Demkowicz has assumed the role of chairman, focusing on strategic and value-creation activities.
“Our succession strategy is the product of thoughtful planning over the past two years to ensure that this important transition occurs in a measured, methodical, and transparent way for our team and investors,” says Demkowicz. “This move greatly enhances our senior leadership team and provides a strong foundation for our continued success. Jim has earned his stripes as a strong leader and successful investor, making him thoroughly qualified to take on this leadership position.”
Mahoney received a bachelor’s in economics and political science from Villanova University and Master of Business Administration from the University of Chicago Booth School of Business with concentrations in finance and accounting. He serves on the board of six active Huron Capital portfolio companies including Albireo Energy, Sciens Building Solutions, and Sunland Asphalt and Construction.
“I am honored to have the opportunity to work alongside the next generation of senior investment professionals and lead the firm through its next exciting chapter,” says Mahoney. “In the coming years, we will be focused on building upon our considerable accomplishments over the past two decades to achieve new levels of success.”
Founded in 1999, Huron Capital is a private equity platform with a history of growing lower middle-market companies through its ExecFactor buy-and-build investment model. The firm’s portfolio companies have employed more than 11,000 people throughout North America.