Huron Closes Eighth Ronnoco Add-On

Huron Closes Eighth Ronnoco Add-On

Ronnoco Coffee, a portfolio company of Huron Capital, has acquired Beverage Solutions Group. This is the eighth add-on acquisition for Ronnoco since being acquired by Huron Capital in September 2012.

Beverage Solutions Group (BSG) is a provider of beverage equipment to convenience stores, food service locations and offices. The company’s products include creamer and sugar stations, sugar and sweetener stations, and other custom dispensing machines.

BSG also supplies creamers in a range of flavors including French vanilla and hazelnut; sugars, including Splenda, Saccharine, Aspartame, cane and raw organic sugar; and cappuccino and hot chocolate. The company sells its products through more than 70 distributors with locations in 28 states and its products are in operation in more than 43 states. BSG was founded in 1997 by Doug and Steve Thompson and is headquartered north of Knoxville in Maynardville, TN (

Ronnoco Coffee roasts, blends, grinds, packages and distributes coffee and teas under six primary brands: Ronnoco, Seattle Roast, Wild Horse Creek, Henderson, Coffee House 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 35 states. The company, led by CEO Terry McDaniel, was founded in 1904 and is based in St. Louis (

“We are excited about working with the great team at Beverage Solutions to focus together on expanding the combined portfolio of products, brands and equipment,” said Mr. McDaniel. “Beverage Solutions has built a strong reputation in the beverage industry and is a great fit for Ronnoco’s continued brand momentum.”

This is the eight 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, U.S. Roasterie, and Black Waters Coffee Company.

“For over 20 years, Beverage Solutions has provided high-quality products and equipment along with excellent customer service,” said Matt Hare, a partner at Huron Capital. “The addition of Beverage Solutions expands Ronnoco’s national footprint from 35 to 43 states and provides additional distributor relationships.”

Huron Capital makes control and non-control investments in companies with revenues of $20 million to $200 million and EBITDAs of $5 million or more. Sectors of interest include business services, consumer goods & services, and specialty industrials. Founded in 1999, the Detroit-based firm has raised over $1.8 billion in capital through six private equity funds and invested in over 160 companies (

Huron Capital’s investment in Ronnoco Coffee was made through the firm’s $350 million third fund which was raised in 2008.

© 2019 Private Equity Professional | March 12, 2019

To search in site, type your keyword and hit enter