Huron Capital Acquires US Coatings
Huron Capital 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. US Coatings 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 that Valentus has assembled, the company reported.
“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,” said Reed. “US Coatings will also be able to expand distribution of our existing products with access to the Valentus network.”
“With the introduction of the Valentus ‘Advanced Protective Maintenance Coatings System’ in collaboration with Eastman Chemical, we believe the Valentus-US Coatings partnership will provide exceptional technology to the marketplace,” said Bob Taylor, Valentus board member and Huron Capital operating partner.