Panic in the financial system doesn't worry
Huron Capital Partners too much. Actually, it's a good thing for the downtown Detroit-based company.
The late-stage private equity company specializes in buying stakes in existing corporations in need of recapitalization, corporate spin-offs, family business succession, leverage buyouts or firms its just looking to buy and build up. Since the world is in the process of revaluing just about every existing asset, it means there are great deals galore for Huron Capital Partners.
"It's a good time for us because the valuations of the businesses we normally go after have dropped," Beauregard says.
Even better news is that employment is up at Huron Capital Partners. It's gone from three to 11 employees in just under a decade. That includes five people it just hired. The firm hopes to hire another 5-10 people within the next 3-4 years.
That's just the people that work in its
Guardian Building offices. Huron Capital Partners indirectly employees about 4,000 people in the 44 companies in which it has invested in its first 10 years.
It plans to acquire stakes in another 20 companies within the next couple of years. That would jump its revenue from $400 million to $750 million. A big jump, but keep in mind that the company has grown from a $50 million equity fund at its start to a $600 million equity fund today.
Those are indeed confidence inspiring numbers in a time when they're needed.
Source: Michael Beauregard, partner of Huron Capital Partners
Writer: Jon Zemke
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.