Leading middle-market private equity firm Huron Capital (“Huron”) announced today that its commercial roofing and exterior facility services platform, Rampart Exterior Services (“Rampart”), completed its first acquisition with the closing of Independent Roofing Systems, Inc. (“Independent”). Independent is headquartered in central Mississippi and serves critical industries including education, government, industrial, and other commercial customers.
Founded in 1980, Independent has more than 40 years of history providing roofing services across various roofing types and serves as a strong cornerstone acquisition for the Rampart platform. Independent will continue to be run day-to-day by the existing leaders, Joe Naquin, Larry Montpelier, and Melissa Naquin, with operational and strategic support from Rampart CEO Gabe Mesanza.
“We are eager to partner with Independent and build a leading group in commercial exterior services,” said Gabe Mesanza, CEO of Rampart. “We look forward to building upon Independent’s focus on quality, safety, integrity, and reliability.”
“I felt Huron’s approach and leadership was different than those of other potential partners,” said Joe Naquin, President of Independent Roofing Systems. “We are excited to advance our journey alongside a firm like Huron who aligns with our values and shares our vision for achieving growth and future success." Larry Montpelier, Vice President of Independent Roofing Systems continued, “Huron’s commitment resonated with us because it not only honors our people and history but also paves the way for many new opportunities.”
“We’re looking forward to our partnership with Independent and working with other founders and leading companies like Independent,” said Brian Rassel, Partner at Huron Capital. “Joe, Larry, and Melissa have built upon a great legacy at Independent, and we are thankful for the opportunity to support them and the company in growing to new heights.”
Honigman LLP served as legal advisor and Moss Adams LLP served as financial diligence advisor to Huron.
About Rampart
Rampart Exterior Services was launched by Huron Capital in 2024 as an ExecFactor initiative focused on re-roofing, roofing repair, waterproofing, maintenance, and other exterior restoration services. The company serves diverse commercial end markets including government, education, healthcare, life sciences, data centers, manufacturing, and other sectors. For more information, please visit our website at www.rampartexteriors.com.
About Huron Capital Partners
Huron Capital is a leading lower middle-market private equity firm focused on partnering with outstanding management teams to build leading service companies. Through HCP Services, we bring a people-first and thematic approach to investing in mission-critical service companies in the infrastructure, facility and residential sectors where we have a long history of success, proven playbooks and extensive resources. We seek to make control investments in leading service businesses with $20 million to $200 million in revenue.
With our operational resources, we empower our management partners to drive significant growth through initiatives such as professionalizing operations, improving service offerings, executing M&A strategies, and accessing new markets. We pride ourselves on an unwavering commitment to candor, trust, accountability, and transparency in our relationships with management teams, investors, advisors, and employees.
Founded in Detroit in 1999, over the past 25 years we have acquired more than 275 companies through six control investment funds, managing over $2 billion in capital on behalf of a global institutional investor base. Through our proprietary ExecFactor® program, we utilize a proactive, thesis-driven investment process to identify the best potential management teams and investment opportunities in our core sectors.
For more information, please visit our website at www.huroncapital.com.
About ExecFactor®
ExecFactor® is Huron Capital’s proprietary, thematic investment strategy where we underwrite an industry and partner with an executive to deploy our buy-and-build investment model. This strategy brings together our sector focus, deep industry relationships, committed capital and repeatable buy-and-build approach to create a new platform investment.
Recently closed ExecFactor® investments include Rampart Exterior Services, a provider of commercial roofing and building exterior services, Criticore, a provider of mission-critical, highly technical electrical services, ExperiGreen, a residential lawn care services provider and Exigent, a provider of critical HVAC, plumbing, and other mechanical system repair, maintenance, and replacement services to complex facility operations for healthcare, education, industrial, government, and other commercial customers.
Recently exited ExecFactor® investments include Sciens Building Solutions, a prominent full-service commercial fire and life safety company and Pueblo Mechanical & Controls, a premier commercial HVAC and plumbing services company.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240821230363/en/
Contacts
Jonathan Marino
Prosek Partners
jmarino@prosek.com
