Private equity firm secures majority ownership in manufacturer of temporary modular wall containment solutions to continue to fuel innovation and expand into new markets
STARC Systems, a manufacturer of reusable temporary modular wall containment solutions for occupied renovations, announced Sept. 12 that it has been purchased by Illinois-based private equity firm North Branch Capital. The acquisition marks a significant investment to continue fueling STARC’s innovation and market expansion, serving contractors and facility managers across multiple industries.
Founded by entrepreneur Tim Hebert and led by president and CEO Chris Vickers, over the last five years, STARC has brought three category-leading temporary construction wall solutions to market and experienced 38 percent compounded growth. The company holds an 81 Net Promotor Score, reflecting strong customer satisfaction, and as a result has built a loyal customer base that includes 58 of the top 75 contractors, such as McCarthy, Turner Construction and Gilbane, and health care systems, like Johns Hopkins and the Cleveland Clinic. Additionally, one in five of STARC’s customers are in renovation markets beyond health care, including O’Hare, Laguardia, Tesla and Liberty Mutual. With North Branch’s investment and STARC’s versatility in addressing dust mitigation, noise abatement and fire safety during renovations, STARC will accelerate expansion to other sensitive environments, such as data centers, airports, life science labs, offices and more.