A Remarkable Exit for Huron Capital
Huron Capital Partners has achieved a significant milestone by successfully selling Pacific Shoring, a renowned manufacturer of trench safety equipment, to Palm Peak Capital. This marks the culmination of a fruitful five-year partnership that saw substantial growth and strategic expansion within the industry.
Strategic Growth and Industry Leadership
Since partnering with Salt Creek Capital and CEO Bruce Russell in 2019, Huron Capital has implemented various strategies that have propelled Pacific Shoring's growth. Notable among these were the acquisitions of Xterra Trench Shields and EZE Shore. These moves not only expanded the company's product offerings but also enhanced its market positioning.
Building the Brand
Under the guidance of Huron Capital and through collaborative efforts, Pacific Shoring has transformed into a leader within its niche—manufacturing vital safety products for infrastructure projects. These products are critical for protecting the workforce engaged in trench work, whether it's for water utilities, telecom installations, or gas and electric maintenance. This commitment to safety has established Pacific Shoring as a respected name in the industry.
Future Prospects for Pacific Shoring
Bruce Russell, the CEO of Pacific Shoring, expressed gratitude for the partnership with Huron Capital and Salt Creek Capital, highlighting how their support has enabled the company to achieve remarkable growth. With production facilities in North Carolina and manufacturing plants in California and Texas, Pacific Shoring has expanded its reach, servicing not only North America but also Europe and Australia.
Russell emphasized the excitement surrounding the new partnership with Palm Peak Capital, forecasting continued growth and innovation in trench safety solutions driven by the company’s dedicated team.
Commitment to Quality and Innovation
Pacific Shoring prides itself on its dedication to quality. The company designs, builds, and tests its equipment at its two state-of-the-art manufacturing facilities. Their in-house design team, boasting extensive experience in the underground shoring sector, strives to deliver tailored solutions that meet the unique requirements of their customers.
About Huron Capital
Huron Capital, founded in 1999, focuses on lower middle-market private equity investments. The firm seeks to partner with exceptional management teams to help build leading service companies through a people-first approach. With over 290 acquisitions under their belt and more than $2 billion in capital managed, Huron Capital utilizes a structured investment process through its ExecFactor® program to identify promising opportunities in critical sectors.
Empowering Management Teams
The firm is committed to empowering its management partners through operational resources that drive significant growth. From enhancing service offerings to penetrating new markets, Huron Capital maintains a philosophy rooted in trust, accountability, and transparency, fostering strong relationships with all stakeholders.
About Pacific Shoring
Founded in 2005, Pacific Shoring stands as one of the foremost manufacturers of trench shoring equipment in the United States. With manufacturing facilities in Santa Rosa, California, and Pearland, Texas, the company focuses on providing high-quality, rigorously tested shoring solutions. Their dedication to innovation and product excellence continues to position them as leaders in the industry.
Frequently Asked Questions
What led to the sale of Pacific Shoring?
The sale was the result of a successful five-year partnership aimed at strategic growth and expansion, ultimately positioning the company for its next phase under new ownership.
How did Pacific Shoring achieve such growth?
Through strategic add-ons, product line extensions, and investments in automation, Pacific Shoring significantly broadened its market reach and enhanced its service capabilities.
What does the future look like for Pacific Shoring?
With the new partnership with Palm Peak Capital, Pacific Shoring is poised for further growth, continuing to innovate in the trench safety equipment market.
What is the focus of Huron Capital?
Huron Capital is committed to partnering with exceptional management teams to develop leading service companies in various sectors, leveraging a thematic and people-first approach.
Where is Pacific Shoring headquartered?
Pacific Shoring is headquartered in Santa Rosa, California, with additional production capabilities in Texas and a distribution facility in North Carolina.
