Detroit’s Huron Capital Platform Acquires Coatings Firm That Covers NBA, NCAA, and Olympic Sports Floors 


Detroit-based private equity firm Huron Capital today announced that its ExecFactor platform, Valentus Specialty Chemicals, has acquired Jacksonville, Ark.-based PoloPlaz Inc. The deal represents the fourth acquisition for Valentus, which Huron Capital formed in partnership with CEO Ray Chlodney to purse a buy-and-build investment strategy in the industrial coatings sector. PoloPlaz products cover NBA, NCAA, and Olympic sport floors.

Founded in 1961 and located near Little Rock, PoloPlaz manufactures high performance wood floor coatings for gymnasium and residential applications for sale in North America, Europe, and Asia. The company was originally purchased by Mac Hogan in 1988, and he and co-owner Chad Baker will become Valentus shareholders and join Valentus’ management team.

“Our firm has a long history of building sizeable specialty chemical platforms. With Valentus completing four acquisitions since December 2015, we believe Huron Capital’s ExecFactor buy-and-build model is working well under Ray’s leadership and building scale,” says Mike Beauregard, senior partner at Huron Capital. “In addition to pursuing more acquisitions, we will be working with Ray, Bob, and the Valentus team to pursue meaningful organic growth strategies as we look to further expand the Valentus platform.”

Huron Capital is an operationally-focused private equity firm focused on growing lower middle market companies through a buy-and-build investment model. Since 1999, the company has raised more than $1.7 billion in capital through six committed private equity funds and invested in more than 140 companies.