DETROIT - Huron Capital announced its ExecFactor® platform, Valentus Specialty Chemicals (Valentus), 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 strategy in the protective coatings sector.
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 company was purchased in 2013 by Mike Reed, Don Thomas and Larry LeSeure, who are now partnering with Valentus to leverage the infrastructure, technology and manufacturing capacity Valentus has assembled.
“We are excited to be part of the Valentus platform,” said 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.”