Huron Capital Acquires Zolatone Automotive - Posted 8/29/07
Huron Capital Partners LLC, through its portfolio company, Quest Specialty Chemicals, Inc., has acquired Zolatone Automotive. Zolatone will be managed under Quest’s Automotive Aftermarket Unit, Matrix System Automotive Finishes (based in Walled Lake, MI) and will relocate its operations to Quest facilities in Michigan and Wisconsin.
Huron Capital Partners LLC, through its portfolio company, Quest Specialty Chemicals, Inc., has acquired Zolatone Automotive. Zolatone will be managed under Quest’s Automotive Aftermarket Unit, Matrix System Automotive Finishes (based in Walled Lake, MI) and will relocate its operations to Quest facilities in Michigan and Wisconsin. Zolatone manufactures and markets high-performance acrylic sealers, basecoats, topcoats and other coatings to automotive refinish and paint distributors across the U.S. for sale to collision and body shops. Terms of the transaction were not disclosed.
The acquisition marks the fifth specialty chemical company that Huron has acquired through its Quest platform, and 30th overall since the inception of the firm. Huron formed Quest in 2004 in partnership with specialty chemical industry executives Fred Quinn and Gerry Loftus, and long-time chemical industry investor Carol Bramson. Through a series of synergistic add-on acquisitions and significant organic growth, Quest revenue has grown fourfold during the past three years to over $80 million, reportedly making it one of the top 20 diversified coating companies in the U.S.
For more information, visit www.huroncapital.com.
Huron Capital Partners LLC, through its portfolio company, Quest Specialty Chemicals, Inc., has acquired Zolatone Automotive. Zolatone will be managed under Quest’s Automotive Aftermarket Unit, Matrix System Automotive Finishes (based in Walled Lake, MI) and will relocate its operations to Quest facilities in Michigan and Wisconsin. Zolatone manufactures and markets high-performance acrylic sealers, basecoats, topcoats and other coatings to automotive refinish and paint distributors across the U.S. for sale to collision and body shops. Terms of the transaction were not disclosed.
The acquisition marks the fifth specialty chemical company that Huron has acquired through its Quest platform, and 30th overall since the inception of the firm. Huron formed Quest in 2004 in partnership with specialty chemical industry executives Fred Quinn and Gerry Loftus, and long-time chemical industry investor Carol Bramson. Through a series of synergistic add-on acquisitions and significant organic growth, Quest revenue has grown fourfold during the past three years to over $80 million, reportedly making it one of the top 20 diversified coating companies in the U.S.
For more information, visit www.huroncapital.com.
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