Blue Heron Capital Successfully Exits STARC Systems

Blue Heron Capital, a growth equity firm in healthcare and enterprise technology industries, recently announced its successful exit from STARC Systems, a market leader in reusable temporary containment solutions for occupied renovations. The acquisition was made by North Branch Capital, a private equity firm focused on investing in industrial businesses with strong growth potential.

During the investment period, STARC Systems experienced significant growth under the leadership of President and CEO Chris Vickers. In 2017, Blue Heron led a $3.5 million series A investment to accelerate STARC's growth and expansion into adjacent markets. Over the past five years, STARC introduced three category-leading temporary construction wall solutions and achieved a compounded annual growth rate of 38%. Today, STARC is recognized as the market leader in temporary modular wall containment solutions.

Andrew Tichenor, Co-Founder and Managing Partner of Blue Heron Capital, who spearheaded the investment in STARC, expressed his pride in being part of STARC's success story. He stated, "We are proud to have been part of the STARC story. It's a fantastic company with a world-class portfolio of products. It has been fun to watch them grow from a small, single-product business into a market leader. We look forward to cheering their continued success."

Chris Vickers, CEO of STARC Systems, also spoke highly of the partnership with Blue Heron Capital. He acknowledged their expertise and thoughtfulness, which greatly contributed to STARC's growth and improvement as a company. Vickers mentioned that the support and guidance from Blue Heron's operating advisors played a crucial role in their success.

STARC Systems is known for its temporary wall containment solutions that enable compliance with safety standards while being easy to install, move, and reconfigure panels. Key contractors and healthcare facilities, including McCarthy, Turner Construction, Gilbane, Brigham & Women's Hospital, Ohio State University Wexner Medical Center, and the Cleveland Clinic, rely on STARC Systems to address their temporary containment challenges. STARC's RealWall™ and FireblockWall™ have even received the prestigious Healthcare Design Award in 2019 and 2023.

Blue Heron Capital, on the other hand, is an early-stage growth equity firm specializing in funding innovative ideas in the healthcare and enterprise technology sectors. Through their OA collaborative, which combines financial capital and human capital, they build businesses that make significant impacts.

In conclusion, Blue Heron Capital's successful exit from STARC Systems showcases the fruitful collaboration between the two entities. STARC's growth and transformation into a market leader is testament to the value that Blue Heron Capital brings to its investments. As both companies continue their respective journeys, their solid partnership serves as an inspiration for future ventures in the healthcare and enterprise technology industries.

For more information about STARC Systems, visit their website at www.starcsystems.com. To learn about Blue Heron Capital and their investment expertise, visit www.blueheroncap.com.