Huron Capital has established specialty chemical producer Brudner Polymer Corp. under the leadership of industry veteran David Brunori. Brudner will provide an investment vehicle for the private equity firm, which seeks to acquire stakes in adhesive and sealant businesses. Financial terms of the company's formation were not disclosed.

Brudner Polymer plans to back companies active in fragmented end-markets including: construction, infrastructure, transportation and technology. It will seek to invest in technologically-advanced businesses that serve a variety of geographies and generate at least $20 million in annual revenue. Brunori has more than 30 years of experience in the specialty chemicals sector, and will lead the newly established company as CEO.

“We are excited to partner with David Brunori, an experienced operator,” states Huron Capital senior partner Mike Beauregard. “This is Huron Capital’s fifteenth ExecFactorplatform and the fourth in the specialty chemicals space after Quest Specialty Chemicals, Optimum Plastics and Valentus Specialty Chemicals.”

Founded in 1999, Huron is a lower middle-market private equity firm that has raised more than $1.7 billion in capital since its inception. The Detroit-based firm targets companies with up to $200 million in revenue using a buy-and-build investment model dubbed the ExecFactor. Its investments are concentrated in several different sectors, including: business services, consumer products and services, and specialty industrials. Gretchen Perkins, the Huron partner who manages the firm’s business development efforts, is recognized as one of Mergers & Acquisitions’ Most Influential Women in Mid-Market M&A.

The middle-market has seen a recent spate of chemical deals including: Ingevity Corp.’s (NYSE: NGVT) purchase of Georgia-Pacific’s pine chemicals business for $315 million; Littlejohn’s purchase of Cornerstone Chemical Co. from HIG Capital; KMG Chemicals Inc.’s (NYSE: KMG) acquisition of Flowchem; the Jordan Co. LP’s purchase of DuBois Chemicals Inc.; Maroon Group LLC’s acquisition of Lincoln Fine Ingredients; and Platte River's investment in MFG Chemical.

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