Huron Capital makes fourth and fifth acquisitions in building services

DETROIT–The middle market private equity firm Huron Capital announced that its building mechanical systems group Exigent Group has acquired Ambient Temperature Corp. and Global Facility Solutions.

Established in 1985, ATCO is a union mechanical services provider based in Newburyport, Mass. serving markets throughout New England. GFS, founded in 2006 and based in Columbia, Md., provides energy efficiency, sustainability, and engineering services to commercial clients across the United States.

“The addition of ATCO and GFS to Exigent’s growing portfolio of services and locations bolsters the Company’s sustainability offerings and expands our geographic coverage,” said Huron Partner Scott Hauncher. “Huron’s deep experience in mission critical facility services combined with the outstanding leadership team led by CEO Peter van Niekerk has driven Exigent to become a market leader in the eastern United States.”

These acquisitions mark the fourth and fifth acquisitions for Exigent since its August 2022 launch. The presidents of ATCO and GFS will remain in their leadership roles and will be shareholders of Exigent going forward. The ATCO acquisition marks Exigent’s first investment in the New England region and both GFS and ATCO are an important part of a continuing expansion plan to service new markets, build out a base of top-tier clients, and expand offerings through several avenues, including the hiring of more skilled technicians.

“In looking to expand our business, I wanted a partner who could provide the resources and experience to help ATCO achieve its growth potential and who would be supportive of our culture and the strong union employee base that drives our success” said ATCO President Russ Stiles. “Joining forces with the Exigent platform will allow ATCO to grow organically and via acquisition throughout New England. I am excited to be an investor in Exigent and to continue running the business with the outstanding team we have built over the years.”

“GFS is proud to partner with a best-in-class mechanical services provider and expand our offerings to key clients and core markets supported by Exigent,” said Robert Calloway, president and CEO of GFS. “It’s exciting to team with an established and experienced investor who understands how to drive organic growth while guiding overall firm strategy.”

Founded in Detroit in 1999, Huron Capital partners with entrepreneurs and management teams, professionalizing operations, improving service offerings, executing M&A strategies, and accessing new markets.

Huron Capital has managed over $1.9 billion on behalf of a global institutional investor base.

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