Blue Heron Capital Successfully Exits STARC Systems

RICHMOND, Va. ~ Blue Heron Capital, a growth equity firm investing in the healthcare and enterprise technology industries, has successfully exited its investment in STARC Systems, a Maine-based market leader in reusable temporary containment solutions for occupied renovations. The company 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 to accelerate growth and expand into adjacent markets. This resulted in the company bringing three category-leading temporary construction wall solutions to market and experiencing 38% compounded annual growth. Today, STARC is the market leader in temporary modular wall containment solutions.

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Andrew Tichenor, Co-Founder and Managing Partner of Blue Heron Capital 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."

Blue Heron Capital's successful exit from its investment in STARC Systems marks an important milestone for both companies as they continue to grow and expand their reach within their respective industries.
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