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Huron Capital buys seventh specialty coatings company

By Tim Wright | September 8, 2009

Custom Finishes, Inc. is acquired through portfolio company Quest Specialty Chemicals, Inc.

Huron Capital Partners LLC announced that its portfolio company, Quest Specialty Chemicals, Inc., has acquired Custom Finishes, Inc. Custom Finishes will be managed under Quest's wholly-owned subsidiary, Raabe Company LLC, and will relocate its operations to Raabe's facilities in Wisconsin. Based in Menomonee Falls, WI, Raabe is a leading manufacturer of branded custom matched touch-up paint and provider of private label aerosol paint filling services. Raabe's touch-up products consist of ready-to-apply paints that closely match original equipment coatings and are used to repair the surfaces of industrial and commercial products along all points of the supply chain. Based in Brighton, TN, Custom Finishes is a manufacturer of custom-matched aerosol spray paints, brush cap bottled paints, vinyl and carpet dyes, and camouflage paints.

The acquisition marks the seventh specialty chemical company that Huron has acquired through its Quest platform, and 44th overall since the inception of the firm.

"The acquisition of Custom Finishes is a synergistic addition to our platform investment in Quest,” said Mike Beauregard, a partner at Huron. “The integration of Custom Finishes into Raabe will bring added product depth and market reach and will allow management to leverage both companies' accounts for new sales opportunities. We expect to support additional acquisitions for Quest and Raabe in the coming months as we continue to drive our buy and build approach for this investment."