Huron Capital buys a Precision Tech line as add-on to Valentus platform

Huron Capital Partners LLC, the Detroit private equity firm focused on middle-market firms, said that its specialty-coatings platform, Valentus Specialty Chemicals Inc. acquired the floor-finishes business of Precision Technology LLC of Memphis. Terms weren’t disclosed. Valentus closed its first investment in December 2015 with the acquisition of coatings producer National Paint Industries. Mike Beauregard, senior partner at Huron Capital, said that Huron had foreseen an add-on deal like this one and said the firm hopes to expand Valentus’s product lines and geographic footprint. Valentus is based in North Brunswick, New Jersey.

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