Detroit-based investment firm Huron Capital today announced its ExecFactor platform Valentus Specialty Chemicals has acquired St. Louis-based US Coatings Inc. This represents the fifth acquisition for Valentus, which Huron Capital formed in partnership with CEO Ray Chlodney to pursue a buy-and-build investment model in the protective coatings industry.
“The acquisition of US Coatings is another important step in the development of Valentus,” says Chlodney. “The company has expertise in formulating and technical service as well as a great customer base, which should help broaden Valentus’ product offerings and expand our geographic reach.”
Founded in 2000, US Coatings is a provider of high performance protective maintenance coatings for industrial, petrochemical, and oil and gas facility maintenance applications. The Purchased by Mike Reed, Don Thomas, and Larry LeSeure in 2013, the company’s partnership with Valentus will leverage the infrastructure, technology, and manufacturing capacity Valentus has curated.
“We are excited to be part of the Valentus platform,” says Reed. “We see this as mutually beneficial for all involved. Valentus will have access to the US Coatings research and development lab to help with its new product development. US Coatings will also be able to expand distribution of our existing products with access to the Valentus network.”
Huron Capital is an operationally-focused private equity firm that grows middle-market companies with its buy-and-build investment model. Founded in 1999, the company has raised more than $1.8 billion in capital through six committed private equity funds and has invested in more than 140 companies.