Huron Capital, Pohlad Family and Empeiria Capital Invest in B&B Roadway Security Solutions
BBRSS Investment Deepens Infrastructure Portfolio for Huron Capital
DETROIT, March 1, 2018-- Huron Capital's non-control Flex Equity Group has partnered with independent sponsor Empeiria Capital and the Minneapolis-based Pohlad family in a joint investment in B&B Roadway Security Solutions.
Since 1925, BBRSS has created roadway safety and perimeter security solutions for government and commercial customers nationally. BBRSS has two distinct but complementary divisions, B&B Roadway and B&B ARMR. The B&B Roadway division manufactures a complete line of road and bridge traffic products. The B&B ARMR division designs and manufacturers perimeter gates and crash-rated barriers for anti-terrorism and high-security applications. BBRSS, which will continue to be led by CEO Paul Matthews, is based in McKinney, Texas and has a manufacturing facility in Russellville, Alabama.
"We are thrilled to be partnering with our new equity partners, which bring complementary resources and operating expertise to grow the business and take us to the next level," said Matthews. "With a shared value system and long-term vision for BBRSS, we look forward to working together to further enhance the business."
"With its strong client base and industry-leading solutions, BBRSS is an exciting investment for Huron Capital," said Doug Sutton, Partner and Head of the Huron Capital Flex Equity Group. "We plan to build on the foundation BBRSS has established, and help support the company's future growth initiatives with resources from our operating partner network."
Keith Oster of Empeiria Capital added, "Our focus is on investing in and partnering with companies that are a good cultural fit and have a strong competitive advantage and favorable industry growth prospects. We are excited to be joining forces with Huron Capital, the Pohlad family and the management team on this investment."
About Huron Capital
Based in Detroit, Huron Capital is an operationally-focused private equity firm with a long history of growing lower middle-market companies through our proprietary ExecFactor® buy-and-build investment model. We prefer complex situations where we can help companies reach their full potential by combining our operational approach, substantial capital base, and transaction experience with seasoned operating executives. Founded in 1999, Huron Capital has raised over $1.8 billion in capital through six committed private equity funds and invested in over 150 companies, and our portfolio companies have employed over 11,000 people throughout North America. The Huron Capital buy-and-build investment model includes equity recapitalizations, family succession transactions, market-entry strategies, corporate carve-outs, and management buyouts of companies having revenues up to $200 million. Huron Capital targets both control and non-control equity stakes in fundamentally-sound companies that can benefit from the firm's operational approach to creating value. Huron Capital's sector focus includes business services, consumer products & services and specialty industrials. For more information, please visit www.huroncapital.com.
About Empeiria Capital Partners
Empeiria Capital Partners LLC is a private equity firm focused on acquiring small and mid-cap businesses primarily in the energy, industrial, and food and consumer packaged goods sectors. Empeiria operates as an independent sponsor and invests capital on behalf of a network of family offices, high net worth individuals, and institutions.
About the Pohlad Family
The Pohlad family's holdings and investments span several industries, including the automotive, real estate investment and development, manufacturing automation and robotics, radio and media, high-end jewelry and commercial real estate finance industries. The Pohlad family also owns Major League Baseball's Minnesota Twins.
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