Trive Capital has sold Huron Inc. to Seven Mile Capital Partners
Lincoln International (“Lincoln”), a leading global mid-market investment bank, represented Huron Inc. (“Huron” or the “Company”) in its sale to Seven Mile Capital Partners. Huron was a portfolio company of Trive Capital, a private equity firm based in Dallas, Texas.
Huron, based in Lexington, Michigan, and founded in 1943, is a leader in the engineering and manufacturing of complex tubular assemblies and precision machined components for the North American automotive industry. The Company utilizes advanced technologies, vertically integrated processes and state-of-the-art systems to engineer and manufacture critical engine and transmission components and assemblies for its original equipment manufacturer (“OEM”) customers. The Company is a leader in working with OEMs to deliver fuel-efficient powertrain technologies. The Company’s product offering includes turbocharger coolant tubes, exhaust gas recirculation tubes, engine coolant lines and oil handling tubes, in addition to transmission and axle vent solutions, valves and other precision-machined components.
Lincoln acted as the exclusive financial advisor to Huron, working closely with Huron’s senior management team and Trive Capital throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
Chris Zugaro, a partner at Trive Capital, commented, “With a strong understanding of Huron’s value proposition, Lincoln executed a global marketing effort which resulted in a very favorable outcome for the shareholders. Lincoln’s execution expertise, industry knowledge and process guidance proved invaluable throughout the sale process.”
Bob Bales, Chairman of Huron, added, “Lincoln worked tirelessly throughout the sale process by first making that crucial connection with the management team and then by developing a deep understanding of our business which enabled them to highlight our compelling story. They provided astute guidance to us throughout the sale process and helped us find a partner that has the tools to help our business continue to grow.”
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