Ronnoco Coffee, a portfolio company of Huron Capital Partners, has acquired the route business of Black Waters Coffee Company.
Black Waters Coffee services convenience store and foodservice accounts in southern and central Wisconsin. “This purchase will allow us to increase our penetration in the Wisconsin market and give Black Waters Coffee customers access to a much broader selection of Ronnoco’s coffees, teas, beverages and related products and services,” said Ronnoco Chief Executive Officer Scott Meader. Black Waters Coffee is based in Beaver Dam, WI (www.blackwaterscoffee.com).
This is the seventh acquisition Ronnoco has made since being acquired by Huron in September 2012. The company previously acquired International Blends, Henderson Coffee, the coffee and tea business of Love Bottling Company, Biff’s Coffee, Beverage by Quench, and U.S. Roasterie. These acquisitions have enabled Ronnoco to expand its presence throughout Oklahoma, Arkansas, Iowa, Missouri and Kansas in convenience stores, restaurants, offices and casinos.
Ronnoco Coffee roasts, blends, grinds, packages and distributes coffee and teas under five primary brands: Ronnoco, Seattle Roast, Wild Horse Creek, Henderson and Camellia. The company also provides a variety of other beverages, such as cappuccino, hot chocolate, and smoothies, and coffee-related products and equipment, including cups, flavoring syrups and condiments. Ronnoco supplies its products directly to its convenience store, foodservice and office customers, as well as through a network of third-party distributors in 16 mid-western states. The company was founded in 1904 and is based in St. Louis (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 specialty manufacturing, business services, consumer goods & services, and healthcare. Huron was founded in 1999 and currently manages over $1.1 billion in committed equity through four private equity funds. The firm has offices in Detroit and Toronto (www.huroncapital.com).
© 2016 Private Equity Professional • 7-27-16