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Tuesday, 29 July 2014 16:40

PE firm Huron Capital to invest in Bandit Industries

Written by  MiBiz Staff
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Detroit-based venture capital firm Huron Capital Partners LLC has acquired an ownership stake in Mount Pleasant-based Bandit Industries Inc. in exchange for recapitalizing the company with an undisclosed investment. The deal is expected to close in the fall, according to a statement.

Bandit Industries, a manufacturer of wood chippers, will remain in its existing 280,000-squar-foot facility. Upon closing of the deal, the owners will begin a search for a new executive. Bandit will be co-owned by Jerry Morey, Mike Morey, Diane Morey and Huron Capital.

Read 3792 times Last modified on Tuesday, 29 July 2014 22:43

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