Huron Capital Named Private Equity Firm of the Year: Detroit-based Huron Capital Partners has been named “Private Equity Firm of the Year” for 2010 by The M&A Advisor, a premier trade organization in the mergers and acquisitions industry. An independent body of expert judges evaluated 243 finalists from across the country. Huron was very active in 2010, completing eight transactions valued in excess of $300 million. Transactions included a mix of portfolio company divestitures, platform and add-on acquisitions and dividend recapitalizations. In a challenging market Huron generated over $150 million in aggregate proceeds for its investors, including one portfolio company divestiture in which Huron returned 18.7-times its investment. Huron’s momentum is continuing into 2011 with five transactions expected to close in the first quarter of the year. Huron Capital is a leading private equity firm investing in lower middle-market companies. The firm typically invests between $10 million and $70 million in equity to sponsor buyouts, growth initiatives, corporate spin-offs and recapitalizations of growth-oriented niche manufacturing, specialty service, and value-added distribution companies having revenues up to $300 million. Huron’s strategy is to combine its operational approach, capital and transaction experience with proven management teams who have the vision, experience and commitment to grow their businesses. Since its founding in 1999, Huron has acquired or invested in 48 companies with aggregate revenues approaching $1 billion. Investments have been made in the United States and Canada in a variety of areas, including print solutions and document management, education, healthcare products and services, specialty chemicals, specialty packaging, consumer products, home décor, passenger transportation services, building products, office furniture components and laboratory testing. Huron Capital currently manages over $600 million in committed equity through three private equity funds, and has offices based in Detroit, Pittsburgh, and Toronto. More at www.huroncapital.com.
Nopras Technologies, Inc. Achieves ISO 9001:2008 Certification: Novi-based Nopras Technologies Inc., a management consulting firm that specializes in services for organizations in the pharmaceutical, biotechnology, medical device and other FDA regulated industries announced that it has achieved ISO 9001:2008 certification. Nopras Technologies’ well documented procedures and processes, its proactive response, commitment to quality and focus on customer satisfaction and continual improvements were highly appreciated by the auditor from the certifying body. Nopras Technologies supports its quality management system by performing periodic internal audits, comprehensive training, and preventive and corrective activities, as necessary. ISO 9001:2008 is an international quality management standard and framework focused on enhancing customer satisfaction, assuring conformity to statutory and regulatory requirements and continual improvement of business performance. The firm’s staff consists of well-credentialed scientists, engineers, physicians and technical experts from industry leaders with extensive business and industry experience; many of whom are key opinion leaders, have held key management positions and have earned advanced degrees in medicine, science, engineering and business operate as a working team to integrate the different skill sets they offer. The company is based in Novi, with offices in Fort Washington, Pa. and Singapore. For more information, visit www.nopras-tech.com.
Plex Systems, Inc. Receives Certification from Technology Evaluation Centers: Auburn Hills-based Plex Systems Inc. announced it has been certified as a vendor by Technology Evaluation Centers. As part of the certification, cloud ERP solution Plex Online, delivered as software as a service, is profiled as part of TEC’s state-of-the-art Web-based decision support solution designed specifically for software selection. Through impartial and quantifiable analysis, TEC provides extensive online IT research, knowledge bases and analyst insight. TEC certification has emerged as a leading IT evaluation tool for manufacturers seeking assistance with their software selection projects. More at www.plex.com.
Nine UM Scientists, Engineers Named AAAS Fellows: Nine University of Michigan faculty members are among 503 newly elected fellows of the American Association for the Advancement of Science, who are honored for their distinguished efforts in advancing science, AAAS announced today.
The new fellows are:
Joel Blum, the John D. MacArthur Professor of Geological Sciences and a professor in the Department of Ecology and Evolutionary Biology. Blum is honored for his innovative and important contributions in trace metal and isotopic geochemistry and biogeochemistry that have significantly advanced understanding of Earth processes.
Lee Hartmann, a professor in the Department of Astronomy. He is honored for his seminal contributions to our understanding of how planets are formed around stars.
Lori Isom, a professor in the departments of Pharmacology, and Molecular and Integrative Physiology, as well as director of the Program in Biomedical Sciences at the U-M Medical School. She is honored for her discovery of the role of sodium-channel beta subunits in cell adhesion, axonal architecture, and severe myoclonic epilepsy of infancy as well as for her innovative leadership in graduate education.
Farnam Jahanian, chair of computer science and engineering and the Edward S. Davidson Collegiate Professor of Electrical Engineering and Computer Science. He is honored for his distinguished contributions to the dependability and security of network systems.
Anna Mapp, a professor in the Department of Chemistry. She is honored for her fundamental studies leading to strategies for the development of small molecule transcriptional regulators, with applications as mechanistic probes and therapeutic agents.
Adam Matzger, a professor in the Department of Chemistry as well as a professor of macromolecular science and engineering in the College of Engineering. He is honored for advancing the science and technology of crystallization in areas including polymorphism, two-dimensional assembly, and porous solids.
John Montgomery, a professor in the Department of Chemistry. He is honored for fundamental studies in catalytic reductive coupling processes involving metallacyclic intermediates, which have enabled new strategies for the construction of complex, bioactive compounds.
Melanie Sanford, professor in the Department of Chemistry. She is honored for distinguished contributions to the fields of organic, organometallic, and inorganic chemistry, particularly the development and mechanistic study of new transition metal catalyzed reactions.
Kon-Well Wang, chair of the Department of Mechanical Engineering and the Stephen P. Timoshenko Collegiate Professor. He is honored for his distinguished contributions to the discipline of structural dynamics, performing seminal research in multi-field tailoring of adaptive structural systems; and for providing outstanding professional leadership.
New fellows will be presented with an official certificate and a gold and blue (representing science and engineering, respectively) rosette pin Feb. 19 at the AAAS Fellows Forum during the 2011 AAAS Annual Meeting in Washington, D.C.
Members can be considered for the rank of fellow if nominated by the steering groups of the association’s 24 sections, or by any three fellows who are current AAAS members (as long as two of the three sponsors are not affiliated with the nominee’s institution), or by the AAAS chief executive officer. Each steering group then reviews the nominations of individuals within its respective section and a final list is forwarded to the AAAS Council, which votes on the aggregate list.