Huron Capital, a Detroit-based private equity firm, has acquired Lab Crafters, a New York-based manufacturer of specialized furniture for laboratories in the biotech, pharmaceutical, higher education, and government sectors. The company makes its laboratory furniture systems, casework, and fume hoods in the U.S.
“Lab Crafters offers competitive, differentiated products to its customers,” says Brian Walker, partner of strategic leadership at Huron Capital. “The company has already gained meaningful share in the laboratory furniture market, and its loyal customers include some of the nation’s largest Fortune 500 companies and premier research institutions.”
Walker is the former CEO of Herman Miller, a Zeeland-based furniture company, and will serve as a member of the Lab Crafters board of directors. Founder Robert DeLuca Sr. will continue to lead the company as CEO, while Robert DeLuca Jr. will continue as president.
“We are proud to have built Lab Crafters into one of the leading manufacturers of specialized furniture for laboratories in the U.S.,” DeLuca Sr. says. “We are confident that our partnership with Huron will provide the necessary capital and industry expertise to further accelerate our national growth while we continue to serve our existing customers.”
Lab Crafters is a family owned and operated business that has been open for three generations.
Huron Capital has raised more than $1.8 billion in capital through six committed private equity funds and has invested in more than 190 companies. Its portfolio companies have employed more than 11,000 people throughout North America.