Valentus Specialty Chemicals Completes Fourth Acquisition
DETROIT, MI, August 31, 2017 – 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.”
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