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DETROIT, MI — Leading lower middle-market private equity firm Huron Capital has announced that its portfolio company, The Exigent Group, along with its operating company, Smith-Boughan Mechanical has acquired Premier Mechanical.
Premier is a commercial and industrial HVAC and mechanical services company based in Lima, Ohio. This acquisition marks Exigent’s second acquisition in Northwest Ohio, following its partnership with Smith-Boughan Mechanical in July 2024.
"The strategic partnership between Premier and Smith-Boughan strengthens Exigent’s presence in Ohio and the surrounding region,” stated Peter van Niekerk, CEO of Exigent. “Premier brings exceptional technical expertise and a service-driven approach that will support sustainable growth and innovation for our organization.”
Exigent was launched in 2022 as part of Huron’s buy-and-build ExecFactor® investment strategy. Other recently closed ExecFactor® investments include Rampart Exterior Services, a provider of commercial roofing and building exterior services, and Criticore, a provider of mission-critical, highly technical electrical services.