RICHMOND, Va.--(BUSINESS WIRE)--Blue Heron Capital, a growth equity fund providing growth and expansion capital, announced today that it has led a $3.5 million investment round in Maine-based STARC Systems.
STARC Systems is a fast-growing building products company, based in Brunswick, Maine, that manufactures and distributes modular wall systems providing a clean, airtight and sound-deadening construction barrier system to protect healthy work environments from the effects of construction. The STARC containment system is the category leader in healthcare facilities during renovation projects. While the company’s products are used across industries, its containment system has been engineered to meet the high standards of the healthcare industry.
“Hospital systems spend $2.5 billion per month on renovation projects. It is imperative for these systems to remain operational during the construction process. This creates real problems with regard to infection control and dust mitigation. STARC has created a unique containment system that exceeds all infection control requirements, is quiet, clean, fast and reusable,” said Andrew Tichenor, Co-Founder of Blue Heron Capital. “Our investment will allow the company to rapidly expand across the United States and into several adjacent markets,” he added.
“We are excited to have Blue Heron Capital as our partner as we look to our next phase of growth,” said Tim Hebert, the founder and Chairman of STARC. “Their operational expertise will bring significant value to our company. STARC has had tremendous success so far and with this investment we will continue our path to becoming the leader in construction-containment solutions throughout North America.”
Founded in 2012 by Tim Hebert, STARC Systems was developed as a result of a substantial need Tim saw in his construction business, Hebert Construction, a Maine-based third-generation family-owned business with a strong presence in healthcare construction. “Construction companies invest too much time and resources on temporary measures. In some cases, we would spend more time on the temporary walls than on the construction project itself,” says Tim Hebert. “We created a solution that not only protects the work environment but also saves significant labor, time, money, and reduces waste.”
STARC is also the beneficiary of Maine’s Seed Capital Tax Credit Program, an innovative program administered by the Finance Authority of Maine (FAME), that is designed to encourage equity investments in Maine businesses, directly and through private venture capital funds. For more information, see www.famemaine.com.
About Blue Heron Capital
Blue Heron Capital is an operationally focused growth equity firm based in Richmond, Virginia. Blue Heron supports portfolio companies with a team of proven industry experts, including C-level executives and successful entrepreneurs with decades of experience building and managing vibrant businesses. The firm invests in buyout and growth equity opportunities in the healthcare and tech-enabled business services industries.
About STARC Systems
STARC Systems manufactures modular wall units to reduce the amount of waste, dust, debris and time dedicated to temporary containment on sensitive or occupied job-sites. The company has designed the industry’s most innovative and robust modular temporary containment system. With a management team with over 100 years of successful construction, engineering and business experience, STARC Systems is quickly becoming the industry’s fastest growing and successful temporary containment solution.