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Trive Capital (“Trive”), the Dallas-based private equity firm, is proud to announce its acquisition of Huron, Inc. (“Huron” or the “Company”).
Huron, based in Lexington, Michigan and founded in 1943, is a leading supplier of value-added tubular assemblies and precision machined products for the automotive industry. The Company utilizes advanced technologies, vertically integrated processes, and state-of-the-art systems to engineer and manufacture a diverse variety of customized products for the automotive industry. The Company is a leader in working with automotive manufacturers to deliver fuel-efficient powertrain technologies.
Conner Searcy, Managing Partner at Trive, commented, “The Huron acquisition represents Trive’s third platform investment since launching the firm just eight months ago. We are thrilled to add such a strong business to our existing portfolio, and we look forward to partnering with the Company and its talented employees to capitalize on several tangible near term opportunities.”
Robert M. Bales, Huron’s President & CEO, stated, “The management team is excited about the opportunity to partner with Trive Capital. The relationship will strengthen Huron’s position as a top-tier industry supplier and will provide the financial and operational support needed to continue our business success. The future has never been brighter for our company, and the timing of this partnership positions us very well.”
Chris Zugaro, Partner at Trive, noted, “Trive aims to partner with strategically viable businesses on the cusp of a stepwise improvement in performance. We respect the long-standing relationships Huron has with its customers, suppliers, and employees and look forward to leveraging our deep experience within the automotive space to further enhance the business.”
Donnelly Penman & Partners served as financial advisor to the Company, and Patton Boggs LLP served as legal counsel to Trive with respect to the transaction.
About Huron, Inc.
Huron, Inc., based in Lexington, Michigan, is the leading supplier of value-added tubular assemblies and precision components used in automotive engine, transmission, fuel, and climate control systems. The Company is one of the largest independent producers of precision bar-turned products in the U.S. and has successfully expanded into specialized tubular fabrication. For more information about Huron, visit www.huroninc.com.