Huron Capital’s ExecFactor® Platform Expands with Acquisitions in New England, Broadens Energy Efficiency and Sustainability Engineering and Advisory Capabilities

Leading private equity firm Huron Capital has announced that its ExecFactor® platform, The Exigent Group, has made two new acquisitions to expand into the New England region and enhance its energy efficiency and sustainability engineering and advisory capabilities. The Exigent Group, which provides commercial HVAC, plumbing, and other mechanical system services, has acquired Ambient Temperature Corp. (ATCO) and Global Facility Solutions (GFS).

With the addition of ATCO and GFS to its portfolio, Exigent is strengthening its sustainability offerings and expanding its geographical coverage. Huron Capital Partner Scott Hauncher expressed his enthusiasm for the acquisitions, stating that Huron's expertise in mission-critical facility services, combined with Exigent's exceptional leadership team, has propelled the company to become a market leader in the eastern United States.

These recent acquisitions mark the fourth and fifth for Exigent since its launch in August 2022. The current presidents of ATCO and GFS will remain in their leadership roles and become shareholders of Exigent, ensuring continuity and expertise. The ATCO acquisition represents Exigent's entry into the New England region, while both ATCO and GFS are integral to Exigent's strategy of expanding its market presence, attracting top-tier clients, and augmenting its service offerings by hiring skilled technicians.

ATCO President Russ Stiles expressed his excitement about joining forces with the Exigent platform, emphasizing the need for a partner that can support ATCO's growth potential and align with its culture and union employee base. Stiles believes that the partnership with Exigent will enable ATCO to achieve organic growth and expand through acquisitions throughout New England. He is thrilled to be an investor in Exigent and continue leading the business with the exceptional team they have built over the years.

Robert Calloway, President and CEO of GFS, also shared his excitement about partnering with Exigent. He believes that teaming up with an established and experienced investor who understands driving organic growth and firm strategy will allow GFS to expand its offerings to key clients and core markets.

Huron Capital was assisted by Honigman LLP as their legal advisor and Moss Adams LLP as their financial diligence advisor in these acquisitions.

About Huron Capital:

Huron Capital is a leading lower middle-market private equity firm that focuses on investing in the North American facility and infrastructure and professional services industries. Founded in Detroit in 1999, Huron Capital partners with entrepreneurs and management teams to help their companies achieve new levels of excellence. They provide resources for growth, operational improvements, M&A strategies, and market expansion. With over $1.9 billion managed on behalf of global institutional investors, Huron Capital has a track record of driving value creation through over 270 acquisitions.

About Exigent:

Exigent, based in Reston, Virginia, was launched by Huron Capital in 2022 as an ExecFactor initiative. It specializes in providing critical HVAC, plumbing, engineering, energy efficiency, and other mechanical system services to complex facility operations in various sectors, including healthcare, education, industrial, government, and commercial.

About ExecFactor:

ExecFactor is Huron Capital's unique investment strategy where they partner with industry executives to build new platform investments. By combining sector focus, strong industry relationships, committed capital, and a repeatable buy-and-build approach, Huron Capital aims to create successful investments in various industries. Notable ExecFactor initiatives include ExperiGreen, a residential lawn care services provider, Sciens Building Solutions, a commercial fire and life safety company, Pueblo Mechanical & Controls, a commercial HVAC and plumbing services company, and Highstreet Insurance Partners, a full-service insurance brokerage platform.