TSL Express Daily News

DETROIT, MI (February 22, 2022) — Huron Capital Partners (“Huron Capital”) has announced the successful closing of both a refinancing and an acquisition capital facility for its portfolio company, Pueblo Mechanical & Controls, LLC (“Pueblo” or the “Company”) with financing provided by BlackRock Capital Investment Corp. (“BlackRock”) and Deerpath Capital Management, LP (“Deerpath”). FocalPoint Partners (“FocalPoint”) served as exclusive financial advisor to Pueblo on the transaction.

Pueblo is a leading HVAC, controls and plumbing maintenance, replacement, retrofit, repair, and installation services provider for commercial, school districts, industrial and health care facilities, governmental agencies, and municipalities throughout Arizona, Texas, and Utah. The Company was founded in 2001 with a focus on delivering the highest quality execution and customer solutions. Pueblo has a 20-year history of consistently performing work while demonstrating honesty, dedication, and integrity, resulting in strong, long-lasting customer relationships.

“In addition to running a seamless process that produced very attractive terms within an expedited timeline, FocalPoint facilitated a key partnership that fulfilled both our short- and long-term goals. We are delighted to work with BlackRock and Deerpath on this next chapter of growth and expansion for Pueblo,” said Scott Hauncher, Partner at Huron Capital.

“Partnering Huron Capital, a long-term relationship of FocalPoint, with strong financing partners BlackRock and Deerpath, positions Pueblo for continued growth,” said Thomas Mills, Managing Director, FocalPoint. “By delivering early leverage reads, letters of support, or abbreviated market tests, FocalPoint excels at improving sponsor competitiveness and speed to closing on new acquisitions or significant add-ons.”

About Huron Capital Partners

Founded in Detroit in 1999, Huron Capital is an operationally-focused private equity firm with a long history of growing middle market companies. Huron Capital has successfully established six private equity funds aggregating nearly $2.0 billion in committed capital and invested in over 240 companies. Its investment strategy includes equity

recapitalizations, family succession transactions, market-entry strategies, corporate carve-outs, and management buyouts of companies having revenues up to $200 million. Huron Capital invests control equity in fundamentally sound companies that can benefit from Huron’s operational approach to creating value. Huron focuses on niche, secularly-relevant segments within the commercial and industrial services, professional services, and consumer services sectors. For more information, please visit huroncapital.com.

About BlackRock Capital Investment Corp.

BlackRock provides middle market companies with flexible financing solutions, including senior and junior secured, unsecured, and subordinated debt securities and loans, and equity securities. BlackRock’s strategy is to provide capital to meet current and future needs across this spectrum, creating long-term partnerships with growing middle market companies. To learn more, visit blackrockbkcc.com.

About Deerpath Capital Management

Deerpath is a leading provider of customized, cash-flow based senior debt financing to lower-middle market companies across diverse industries. It approaches each investment as an opportunity to establish long-term relationships with private equity sponsors, management teams, and entrepreneurs. Deerpath leverages its extensive investment experience to offer flexible financing solutions to fit the needs of each company with competitive terms and structures. To learn more, visit deerpathcapital.com.  

About FocalPoint Partners

FocalPoint Partners, a B. Riley Financial Company (NASDAQ: RILY), specializes in mergers and acquisitions, private placements (debt and equity), financial restructurings, and special situation transactions. With offices in Los Angeles, Chicago, Dallas, New York, and Shanghai, the firm provides financial advisory services to middle market clients across a broad array of industry sectors. With our recent growth, FocalPoint offers its clients one of the largest teams in the financial community wholly dedicated to middle market financing. For more information, visit focalpointllc.com and follow us on LinkedIn and Twitter.

Please contact Thomas Mills, Managing Director, at 312-508-5777, Michael Del Pero, Managing Director, at 310-995-1831, or Gayane Kirakosyan, Managing Director, at 310-405-7002, for more information regarding this transaction.