What To Know
- Huron has invested in Lab Crafters because we believe the company is capable of accelerated growth and we are focused on pursuing a number of strategic initiatives to diversify and expand this runway.
- Based in Ronkonkoma, New York, Lab Crafters has a strong reputation as a premium brand in a highly specialized market, building close relationships with its loyal, highly respected customer base.
Based in Ronkonkoma, New York, Lab Crafters has a strong reputation as a premium brand in a highly specialized market, building close relationships with its loyal, highly respected customer base.
“Lab Crafters offers competitive, differentiated products to its customers,” said Brian Walker, Partner of Strategic Leadership at Huron Capital. “The company has already gained meaningful share in the laboratory furniture market, and its loyal customers include some of the nation’s largest Fortune 500 companies and premier research institutions. Huron has invested in Lab Crafters because we believe the company is capable of accelerated growth and we are focused on pursuing a number of strategic initiatives to diversify and expand this runway.”
Walker, a former CEO of Herman Miller, will serve as a member of Lab Crafters board of directors. Founder Robert DeLuca, Sr. will continue to lead the company as CEO, and Robert DeLuca, Jr. will continue to operate as President.
“We are proud to have built Lab Crafters into one of the leading manufacturers of specialized furniture for laboratories in the U.S.,” DeLuca, Sr. said. “We are confident that our partnership with Huron will provide the necessary capital and industry expertise to further accelerate our national growth while we continue to serve our existing customers.”
“Robert DeLuca, Sr. and his management team have developed Lab Crafters into a company that is well respected by its customers, makes products that are increasingly sought after by the market, and is ultimately poised for growth,” said Huron Capital Partner Scott Hauncher. “We are excited about Lab Crafters future and pleased to welcome the company to our firm as its newest platform.”