{"id":644685,"date":"2013-03-01T07:00:51","date_gmt":"2013-03-01T12:00:51","guid":{"rendered":"http:\/\/www.pehub.com\/?p=188787"},"modified":"2013-03-01T07:00:51","modified_gmt":"2013-03-01T12:00:51","slug":"trive-capital-buys-huron-inc","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/644685","title":{"rendered":"Trive Capital Buys Huron Inc."},"content":{"rendered":"

Trive Capital<\/strong>, the Dallas-based private equity firm, is acquiring Michigan-based automotive industry part maker Huron Inc.<\/strong> The deal marks the third buy for Trive in eight months since it was launched. Donnelly Penman & Partners advised the company and Patton Boggs was legal counsel to Trive.<\/p>\n

PRESS RELEASE: <\/p>\n

DALLAS, Texas and LEXINGTON, Michigan \u2013 Trive Capital (\u201cTrive\u201d), the Dallas, TX based private equity firm, is proud to announce its acquisition of Huron, Inc. (\u201cHuron\u201d or the \u201cCompany\u201d).<\/p>\n

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.
\nConner Searcy, Managing Partner at Trive, commented, \u201cThe Huron acquisition represents Trive\u2019s 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.\u201d
\nRobert M. Bales, Huron\u2019s 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.”
\nChris Zugaro, Partner at Trive, noted, \u201cTrive 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.\u201d
\nDonnelly Penman & Partners served as financial advisor to the Company, and Patton Boggs LLP served as legal counsel to Trive with respect to the transaction.
\nAbout Huron, Inc.
\nHuron, 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.
\nAbout Trive Capital
\nTrive Capital (www.trivecapital.com) is a Dallas, TX-based private equity firm focused on acquiring strategically viable, under-resourced middle-market companies with the potential for transformational upside. Trive utilizes proven operational best practices and identifies actionable opportunities that allow businesses, shareholders and employees to realize their full long-term potential.<\/p>\n

The post Trive Capital Buys Huron Inc.<\/a> appeared first on peHUB<\/a>.<\/p>\n

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Trive Capital, the Dallas-based private equity firm, is acquiring Michigan-based automotive industry part maker Huron Inc. The deal marks the third buy for Trive in eight months since it was launched. Donnelly Penman & Partners advised the company and Patton Boggs was legal counsel to Trive. PRESS RELEASE: DALLAS, Texas and LEXINGTON, Michigan \u2013 Trive […]<\/p>\n","protected":false},"author":7701,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-644685","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/644685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7701"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=644685"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/644685\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=644685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=644685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=644685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}