DETROIT, Aug. 31, 2017 /PRNewswire/ -- Huron Capital today announced its ExecFactor® platform, Valentus Specialty Chemicals ("Valentus"), has acquired Jacksonville, Ark.-based PoloPlaz, Inc. ("PoloPlaz"). This represents the fourth acquisition for Valentus, which Huron Capital formed in partnership with CEO Ray Chlodney to pursue a buy-and-build investment strategy in the industrial coatings sector.
Founded in 1961 and located near Little Rock, PoloPlaz manufactures high performance wood floor coatings for gymnasium and residential applications. The PoloPlaz brand name is well known in the gym sector and PoloPlaz products cover some of the most famous arena courts in the United States. 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.
"We are pleased to join the Valentus platform," said Hogan. "We believe Ray Chlodney, Operating Partner Bob Taylor and the Huron Capital team are building a well-respected company in the coatings market, and we expect PoloPlaz will benefit from Valentus' operating resources and sales capabilities."
"We think PoloPlaz is a great addition to Valentus," said Chlodney. "PoloPlaz has built an excellent reputation in the wood floor coatings market and partnering with PoloPlaz will broaden our product offerings and expand our geographic reach."
Mike Beauregard, Senior Partner at Huron Capital, added, "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. 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."
About Huron Capital
Based in Detroit, Huron Capital is an operationally-focused private equity firm with a long history of growing lower middle-market companies through our proprietary ExecFactor® buy-and-build investment model. We prefer complex situations where we can help companies reach their full potential by combining our operational approach, substantial capital base, and transaction experience with seasoned operating executives. Founded in 1999, Huron Capital has raised over $1.7 billion in capital through six committed private equity funds and invested in over 140 companies, and our portfolio companies have employed over 11,000 people throughout North America. The Huron Capital buy-and-build investment model includes equity recapitalizations, family succession transactions, market-entry strategies, corporate carve-outs, and management buyouts of companies having revenues up to $200 million. Huron Capital targets both control and non-control equity stakes in fundamentally-sound companies that can benefit from the firm's operational approach to creating value. Huron Capital's sector focus includes business services, consumer products & services and specialty industrials. For more information, please visit www.huroncapital.com.
About Valentus Specialty Chemicals
Valentus Specialty Chemicals is a holding company focused on partnering with businesses with superior coatings technologies that can be applied in a broad range of niche end markets. Through strategic partnerships with market-leading businesses, Valentus seeks to build a specialty coatings company with a wide range of technological capabilities and a broad geographic reach. Valentus is focused on serving customers that are not targeted or effectively serviced by the industry's largest players.
SOURCE Huron Capital