Ronnoco Coffee, a portfolio company of Huron Capital Partners, has acquired Henderson Coffee. This is Ronnoco’s second add-on acquisition since being acquired by Huron in July 2012. In April 2013, Ronnoco Coffee completed its first add-on with the purchase of International Blends, a distributor of coffee products.
Henderson Coffee manufactures and distributes coffee, tea, and related products and equipment to restaurants, casinos and convenience stores throughout Oklahoma and into Arkansas, Missouri and Kansas. The company was founded in 1923 and has about 40 employees. The company is based near Tulsa in Muskogee, OK (www.hendersoncoffee.com).
Ronnoco Coffee is a manufacturer and distributer of coffee, tea and related products sold to convenience stores, foodservice outlets and offices throughout the central United States. With the close of the Henderson acquisition, Ronnoco’s brands now include Henderson, Seattle Roast, Wild Horse Creek, and Camellia. The company was founded in 1904 and is based in St. Louis, MO (www.ronnoco.com).
Huron Capital Partners invests up to $70 million per transaction in middle market companies that have revenues up to $200 million and EBITDAs of $5 million or more. Sectors of interest include education & training, healthcare, specialty chemicals, specialty packaging, consumer products, home decor, business services, industrial manufacturing, food & beverage, and marketing services. The firm was founded in 1999 and currently manages over $1.1 billion in committed equity through four private equity funds. Huron Capital Partners has offices in Detroit and Toronto (www.huroncapital.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 11-8-13