M&A Deal Summary

Huron Capital Acquires Exigent

On August 1, 2022, private equity firm Huron Capital acquired business services company Exigent

Acquisition Highlights
  • This is Huron Capital’s 8th transaction in the Business Services sector.
  • This is Huron Capital’s 54th transaction in the United States.
  • This is Huron Capital’s 3rd transaction in Virginia.

M&A Deal Summary

Date 2022-08-01
Target Exigent
Sector Business Services
Buyer(s) Huron Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Moss Adams Capital (Financial)
Honigman (Legal)

Target

Exigent

Reston, Virginia, United States
Exigent is focused on providing critical HVAC, plumbing, and other mechanical system repair, maintenance, and replacement services to complex facility operations for healthcare, education, industrial, government, and other commercial customers. Exigent was founded in 2022 and is based in Reston, Virginia.

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Buyer(S) 1

Buyer

Huron Capital

Detroit, Michigan, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Huron Capital Partners is a private equity firm that seeks to acquire or recapitalize niche manufacturers, value-added distributors and specialty service companies. Prospective transaction situations include management buyouts, corporate spin-offs, recapitalizations, family successions and consolidations. Huron prefers opportunities located in the US and Canada. Target companies typically have revenues between $20 and $200 million and EBITDA of at least $5 million. Huron can commit up to $10 million and $50 million of equity capital per transaction. Huron Capital Partners was formed in 1999 and has offices in Detroit, Michigan and Ontario, Canada.


DEAL STATS #
Overall 57 of 61
Sector: Business Services M&A 8 of 9
Type: Buyout (LBO, MBO, MBI) M&A Deals 22 of 24
State: Virginia M&A 3 of 3
Country: United States M&A 54 of 58
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-23 TriStruX

Clifton, New Jersey, United States

TriStruX is a provider of comprehensive turnkey telecommunications service solutions across the continental United States. TriStruX's mission is to provide the highest level of quality and excellence as a turnkey solution provider, building telecommunications infrastructure (5G, fiber installation, macro tower services, DAS) in our key markets. TriStruX was founded in 2020 and is based in Clifton, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-05 Modigent

Phoenix, Arizona, United States

Modigent is a provider of full spectrum of HVAC replacement, retrofit and repair services primarily for facilities in education, municipal, and healthcare end markets throughout Arizona. The company have continued to perform exceptional HVAC service and installation for school districts, governmental agencies, municipalities, and private firms. Modigent was founded in 2001 and is based in Phoenix, Arizona.

Sell -