Huron Capital’s platform company Ronnoco Coffee has acquired Beverage Solutions Group, expanding its national footprint from 35 to 43 states and provides additional distributor relationships.
The deal for the provider beverages and convenience store and foodservice industry equipment marks the eighth acquisition for Ronnoco in six years.
Working with more than 70 U.S. distributors, Maynardville, Tenn.-based Beverage Solutions deepens Ronnoco's presence throughout the U.S. in convenience stores, food service locations and offices.
"For over 20 years, Beverage Solutions has provided high-quality products and equipment along with excellent customer service," Huron Capital Partner Matt Hare said in a statement. "The addition of Beverage Solutions expands Ronnoco's national footprint from 35 to 43 states and provides additional distributor relationships."
Huron Capital acquired Ronnoco, a manufacturer and distributor of premium quality coffee, tea and related products, in 2012 as the platform investment for its ExecFactor initiative within high-growth beverage categories.
"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," Ronnoco CEO Terry McDaniel said in a statement. "Beverage Solutions has built a strong reputation in the beverage industry and is a great fit for Ronnoco's continued brand momentum."
