Huron Capital Launches Fire Detection Services Platform
Private equity firm taps ex-Siemens executive Terry Heath to Sciens Building Solutions.
Private equity firm Huron Capital Partners is launching a new platform company that will specialize in providing fire detection services to commercial and industrial end users.
DETROIT- Private equity firm Huron Capital Partners, based here, has formed a partnership with industry executive Terry Heath to build a platform company in the fire detection services industry. Through a holding company, Sciens Building Solutions, Huron Capital said it would capitalize on the increasing focus on fire safety for commercial and institutional buildings.
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“We are excited to partner with Terry to build a national platform focused on exceptional customer service and specialized capabilities within fire detection,” says Jim Mahoney, a partner at Huron Capital. “We believe demographic and regulatory trends will drive growth in the fire detection space, and Terry is an experienced executive in this market who will provide strong leadership to the platform.”
Heath served as a long-time executive at Siemens Corp., most recently serving as senior vice president of Corporate Technology USA. His Siemens experience included 18 years in the Building Technologies division, where he focused on building fire and security detection systems.
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“Huron Capital is a great fit for this opportunity and I’m looking forward to the mutually beneficial partnership as we look to establish a strong presence in this industry together,” Heath says. “Through the ExecFactor program, Huron Capital can provide the necessary financial, strategic and operational resources to support my goal to build and lead a world-class fire detection services business.”
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