Detroit-based Huron Capital investments add 118 jobs to Michigan companies

Huron Capital Partners is riding the bull in a bear market. The Detroit-based investment firm, founded in 1998, has raised over $600 million in capital and has acquired 37 companies.

In Michigan alone, Huron's four companies have added 118 employees in 2007. Nationwide, they've added 400 for a total roster of more than 3,400.

Huron keeps growing despite a rocky economy by maintaining a broad portfolio. "We're pretty broadly diversified across the country and across industries," says managing partner Brian Demkowicz. "We avoid companies with cyclical natures and those with a high-commodity element to them."

Healthcare and education are two such industries that Demkowicz characterizes as performing "in good times and in bad." This approach is pertinent considering that Huron doesn't see an immediate bright future for the economy. "We see it's going to be tough sledding," he says. "Nationally, our view is that we’re in a recession, so we're taking a very cautious approach."

But Huron isn't dwelling on the negatives in their outlook. "Having said that, there are still opportunities in the lower-to-mid markets," says Demkowicz. "We are optimistic that, in the lower-to-mid markets, if you pick the right spots, pick the right industry, you'll probably do quite well."

At its Guardian Building offices, Huron has grown its staff from its three founders to 13. Demkowicz was recognized by Crain's Detroit Business as its Deal Maker of the Year for his banner 2007, which included increasing Huron's portfolio from $400 million to $500.

Source: Brian Demkowicz, Huron Capital Partners
Writer: Kelli B. Kavanaugh