Huron Capital's Valentus buys US Coatings
Valentus Specialty Chemicals has completed the acquisition of US Coatings for an undisclosed sum.
Valentus Specialty Chemicals is an ExecFactor platform of private equity firm Huron Capital. The latest deal represents the fifth acquisition for Valentus, which was formed by Huron Capital in partnership with the company’s CEO Ray Chlodney to pursue a buy-and-build investment strategy in the protective coatings sector.
In 2013, the company was purchased by Mike Reed, Don Thomas, and Larry LeSeure, who are now partnering with Valentus.
They are currently leveraging the infrastructure, technology and manufacturing capacity assembled by Valentus
Reed said: “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."
Established in 2000, US Coatings offers performance protective maintenance coatings for industrial, petrochemical, and oil and gas facility maintenance applications..
Chlodney said: “The acquisition of US Coatings is another important step in the development of Valentus. The company has expertise in formulating and technical service as well as a great customer base, which should help broaden Valentus's product offerings and expand our geographic reach."