Huron Capital Completes Recapitalization Of Ronnoco Coffee

DETROIT, Sept. 4, 2012 /PRNewswire/ -- Huron Capital Partners LLC ("Huron") announced today that it has recapitalized Ronnoco Holdings, Inc. ("Ronnoco") in a transaction marking the 60^th investment overall for Huron.  Founded in 1904 and based in St. Louis, MO, Ronnoco manufactures and distributes premium quality coffee, tea and related products sold to convenience stores, foodservice outlets and offices throughout the central United States.  Huron, in partnership with Ronnoco's management team, made the investment with a plan to continue growing the business through geographic expansion, new product offerings and acquisitions.  The Ronnoco transaction builds on Huron's prior experience and success investing in consumer product and food businesses.  This latest investment was made through The Huron Fund III, L.P., a $350 million private equity fund raised in 2008. 

Dan Moloney, President of Ronnoco, stated, "The Ronnoco name has been synonymous with premium quality coffee and world-class customer service for its one-hundred plus year history.  We are excited about our ability to build on this reputation while continuing to provide our customers with the same great products and service that they have come to expect in Ronnoco's long history. Huron's strong track record and experience in similar businesses makes them the perfect partner for us, and we are thrilled to be working together with them."

"With a solid management team in place, significant excess capacity, and several avenues for continued growth, we believe Ronnoco is a solid platform on which to build," said Huron Partner John Higgins.  "We are excited to be partnering with the Ronnoco team and working with them in growing the business going forward."

About Huron Capital Partners LLC

Huron Capital is an operationally-focused private equity firm with a successful track record of making lower middle-market companies bigger and better.   We invest up to $70 million to sponsor management buyouts, buy & build strategies, corporate carve-outs, and recapitalizations of niche manufacturing, specialty service, and value-added distribution companies having revenues up to $300 million.  Huron seeks opportunities where it can help companies reach their full potential by combining its operational approach, capital, and transaction experience with proven operating executives who have the vision, experience, and commitment to grow their businesses.

Founded in 1999, Huron has acquired or invested in 60 companies with aggregate revenues in excess of $1 billion.  Investments have been made in the USA and Canada in a variety of areas, including document management, education, healthcare products & services, specialty chemicals, specialty packaging, consumer products & apparel, home decor, engineering services, food & beverages, office furniture components, and laboratory testing.  Huron Capital has raised over $600 million in committed equity through three private equity funds, and has offices based in Detroit and Toronto.  For more information, visit www.huroncapital.com.

SOURCE Huron Capital Partners LLC

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