coffee

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

Ronnoco Coffee, a portfolio company of Huron Capital Partners, has acquired the assets of U.S. Roasterie, a private label manufacturer of coffee sold into the office, foodservice and convenience store distribution channels.

The buy of U.S. Roasterie is the fifth add-on acquisition Ronnoco has made since being acquired by Huron in September 2012.  Ronnoco previously acquired International Blends, Henderson Coffee, the coffee and tea business of Love Bottling Company, and Biff’s Coffee.  These acquisitions have enabled the company to expand its presence throughout Oklahoma, Arkansas, Missouri Iowa and Kansas and into more types of selling locations including convenience stores, restaurants, offices and casinos.

Huron’s strategy for Ronnoco Coffee includes buy-and-build as well as organic growth.  Since Huron’s initial investment two years ago Ronnoco’s revenues have increased over 40%.  Today, 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. The company was founded in 1904 and is based in St. Louis (www.ronnoco.com).

“We are thrilled to see Ronnoco continue to expand and execute on the buy and build strategy we envisioned, and we’re confident in the management team’s ability to use this as a runway to drive continued growth of the business,” said John Higgins, Huron Senior Partner.

U.S. Roasterie was founded in 1995 and is based in Des Moines (www.usroasterie.com). “Over the past 20 years, U.S. Roasterie has partnered with hundreds of customers in developing and supporting their private label brands,” said Ronnoco Chief Executive Officer Scott Meader.  “The addition of this facility and management team gives Ronnoco another platform through which to pursue alternate channel growth in a large and growing segment of the coffee industry, and will leverage the capabilities, systems, and outstanding customer service of Ronnoco.”

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).

© 2015 PEPD • Private Equity’s Leading News Magazine • 2-11-15

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