RICHMOND, Va.--(BUSINESS WIRE)--Blue Heron Capital, a growth equity firm investing in the healthcare and enterprise technology industries, announced it has successfully exited its investment in STARC Systems, a Maine-based market leader in reusable temporary containment solutions for occupied renovations. STARC was acquired by North Branch Capital, a preeminent private equity firm focused on investing in industrial businesses with strong growth potential.
Founded in 2012 by entrepreneur Tim Hebert and led by President and CEO Chris Vickers, STARC has grown significantly during Blue Heron’s investment period. In 2017, Blue Heron led a $3.5 million Series A investment in STARC to accelerate growth and expand into adjacent markets. During the last five years, STARC brought three category-leading temporary construction wall solutions to market and experienced 38% compounded annual growth. Today, STARC is the market leader in temporary modular wall containment solutions.
Blue Heron Capital Co-Founder and Managing Partner Andrew Tichenor, who led the investment on behalf of Blue Heron, spoke about the successful partnership with STARC Systems: “We are proud to have been part of the STARC story. It’s a fantastic company with a world-class portfolio of products. It has been fun to watch them grow from a small, single-product business into a market leader. We look forward to cheering their continued success.”
Chris Vickers, CEO of STARC Systems, added: “We would not have reached this significant milestone without Andrew and our Board including Blue Heron’s operating advisors. They provided a combination of expertise and thoughtfulness. Whether asking the right question or providing examples from their past experience, they pushed and supported us throughout, making us a much better company. We are tremendously grateful for the part Blue Heron has played in our success.”
About STARC Systems
STARC Systems is a temporary wall containment company and leader in occupied renovation. Its temporary wall systems enable compliance with safety standards and are easy to install, move, and reconfigure panels. With high customer satisfaction, leading contractors and healthcare facilities, including McCarthy, Turner Construction, Gilbane, Brigham & Women’s Hospital, Ohio State University Wexner Medical Center, and the Cleveland Clinic, continue to rely on STARC Systems to solve their temporary containment challenges. STARC Systems’ RealWall™ and FireblockWall™ received the 2019 and 2023 Healthcare Design Award. To learn more, go to www.starcsystems.com.
About Blue Heron Capital
Blue Heron Capital is an early-stage growth equity firm funding big ideas in healthcare and enterprise technology industries. Using the powerful combination of financial capital and human capital of their OA collaborative, they build businesses that make big impacts. To learn more, go to www.blueheroncap.com.
