Premier is Exigent’s seventh acquisition since its initial investment in August 2022
Leading lower middle-market private equity firm Huron Capital (“Huron”) announced that its portfolio company, The Exigent Group (“Exigent,” or the “Company”), along with its operating company, Smith-Boughan Mechanical (“Smith-Boughan”) has acquired Premier Mechanical (“Premier”).
Premier is a commercial and industrial HVAC and mechanical services company based in Lima, Ohio. This acquisition marks Exigent’s second acquisition in Northwest Ohio, following its partnership with Smith-Boughan Mechanical in July 2024.
"The strategic partnership between Premier and Smith-Boughan strengthens Exigent’s presence in Ohio and the surrounding region,” stated Peter van Niekerk, CEO of Exigent. “Premier brings exceptional technical expertise and a service-driven approach that will support sustainable growth and innovation for our organization.”
Exigent was launched in 2022 as part of Huron’s buy-and-build ExecFactor® investment strategy. Other recently closed ExecFactor® investments include Rampart Exterior Services, a provider of commercial roofing and building exterior services, and Criticore, a provider of mission-critical, highly technical electrical services.
About Huron Capital
Huron Capital is a leading lower middle-market private equity firm focused on partnering with outstanding management teams to build leading service companies. Through HCP Services, we bring a people-first and thematic approach to investing in mission-critical service companies in the infrastructure, facility and residential sectors where we have a long history of success, proven playbooks and extensive resources. We seek to make control investments in leading service businesses with $20 million to $200 million in revenue.
With our operational resources, we empower our management partners to drive significant growth through initiatives such as professionalizing operations, improving service offerings, executing M&A strategies, and accessing new markets. We pride ourselves on an unwavering commitment to candor, trust, accountability, and transparency in our relationships with management teams, investors, advisors, and employees.
Founded in Detroit in 1999, over the past 25 years we have acquired more than 290 companies through seven investment funds, managing over $2 billion in capital on behalf of a global institutional investor base. Through our proprietary ExecFactor® program, we utilize a proactive, thesis-driven investment process to identify the best potential management teams and investment opportunities in our core sectors. For more information, please visit www.huroncapital.com
About Exigent
Reston, Virginia-based Exigent was launched by Huron Capital in 2022 as an ExecFactor® initiative focused on providing critical HVAC, plumbing, engineering, and energy efficiency services as well as other mechanical system repair, maintenance, and replacement services to complex facility operations for healthcare, education, industrial, government, and other commercial customers. For more information, please visit www.exigentmechanical.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250121023868/en/
Contacts
Jonathan Marino
Prosek Partners
jmarino@prosek.com
