Huron Capital Partners Forms Specialty Chemical Platform
Teams With Executives to Acquire Adhesives, Coatings and Films Businesses
Huron Capital Partners LLC, a Michigan- based private equity firm, announced today that it has formed a partnership with veteran chemicals executives and investors, Frederick A. Quinn and Carol E. Bramson, to build a platform company in the specialty chemicals industry. Through their holding company, Quest Chemical Holdings LLC, the group plans to acquire companies that have developed unique solutions to the challenges of surface protection and the bonding of flexible and rigid substrates. These products include coatings, adhesives, polymers and thermoplastic films designed for a wide range of industrial markets.
According to Mike Beauregard, a Partner at Huron Capital, "Partnering with Fred and Carol is consistent with our investment strategy of working with successful executives who have proven track records of building equity value. Through Quest, we have brought together strong operating and investment expertise to create a substantial player in the specialty chemicals industry."
Fred Quinn, CEO of Quest, added, "Our plan is to grow revenues to $200 million over the next three years. There are significant opportunities in the specialty chemicals marketplace to solve logistics and product development challenges facing end-users by bringing together synergistic regional players. With a strong capital base provided by Huron, we are actively working with a number of well-positioned acquisition targets that would provide the foundation of our platform. Based on what we have seen thus far, we expect to be very busy in the coming months."
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