September 4, 2015

Trive Capital Announces the Sale of Huron, Inc. to Seven Mile Capital Partners

Dallas, Texas and New York, New York

Trive Capital (“Trive”) a Dallas, Texas-based private equity firm announced the sale of one of its portfolio companies, Huron, Inc. (“Huron”), to Seven Mile Capital Partners (“SMCP”). Financial terms of the transaction were not disclosed.

Huron, based in Lexington, Michigan and founded in 1943, is a 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 works with original equipment manufacturers to deliver fuel-efficient powertrain technologies. Trive acquired Huron in February of 2013.

Conner Searcy, Managing Partner at Trive, stated, “We are pleased to have had the opportunity to work closely with Huron over the last couple of years. Bob Bales, Jerry Solar, and the rest of the Huron team were incredible partners and were instrumental in driving exceptional performance at Huron. We believe the team will continue to excel under Seven Mile’s ownership.”

“We view Trive Capital as a resourceful and value-added partner as we expanded our product offering, launched several new programs and invested heavily into our operations. In our experience, Trive’s financial and operational guidance were second to none, and we wish them continued success,” commented Bob Bales, Chairman of Huron.

Lincoln International served as financial advisor to Huron.

About Trive

Trive Capital is a Dallas, Texas based private equity firm with more than $7 billion of regulatory assets under management. Trive focuses on investing equity and debt in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. We seek to maximize returns through a hands-on partnership that calls for identifying and implementing value creation ideas.

The Trive team is comprised of seasoned investment professionals who have been involved in over 100 middle-market transactions representing in excess of $6 billion in revenue across Trive’s targeted industry sectors and situations.

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