Quest Specialty Chemicals Adds On

Quest Specialty Chemicals Inc., a chemical acquisition platform of Huron Capital Partners, has acquired Custom Finishes Inc., a Brighton, Tenn.-based maker of custom-matched aerosol spray paints, brush cap bottled paints, vinyl and carpet dyes and camouflage paints. No financial terms were disclosed.


Huron Capital Partners LLC announced today that its portfolio company, Quest Specialty Chemicals, Inc. (“Quest”), has acquired Custom Finishes, Inc. (“Custom Finishes”). Custom Finishes will be managed under Quest’s wholly-owned subsidiary, Raabe Company LLC (“Raabe”), 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. Terms of the transaction were not disclosed.

The acquisition marks the 7th specialty chemical company that Huron has acquired through its Quest platform, and 44th overall since the inception of the firm. Huron formed Quest in 2004 in partnership with specialty chemical industry executives Fred Quinn and Gerry Loftus, and long-time chemical industry investor Carol Bramson. Through a series of synergistic add-on acquisitions and significant organic growth, Quest revenue has grown almost 5-fold during the past five years to over $100 million, making it the 22nd largest diversified coating company in the U.S. according to Paint & Coatings Industry magazine.

Commenting on the transaction, Mike Beauregard, a partner at Huron, stated, “The acquisition of Custom Finishes is a synergistic addition to our platform investment in Quest. 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.” The acquisition of Custom Finishes was on a proprietary basis directly with its owners.

About Huron Capital Partners LLC

Huron Capital is a leading private equity firm investing in lower middle-market companies. The firm typically invests between $10 million and $70 million in equity to sponsor buyouts, growth initiatives, corporate spin-offs and recapitalizations of growth-oriented niche manufacturing, specialty service, and value-added distribution companies having revenues up to $200 million. Huron’s strategy is to combine its operational approach, capital and transaction experience with proven management teams who have the vision, experience and commitment to grow their businesses.

Since its founding in 1999, Huron has acquired or invested in 44 companies with aggregate revenues approaching $1 Billion. Investments have been made in the USA and Canada in a variety of areas, including print solutions & document management, education, healthcare products & services, specialty chemicals, specialty packaging, consumer products, home decor, passenger transportation services, building products, office furniture components and laboratory testing. Huron Capital currently manages over $600 million in committed equity through three private equity funds and has offices based in Detroit, Pittsburgh and Toronto. The firm has consistently generated top-quartile returns for its limited partners. For more information, please visit us at