M&A Deal Summary

Salt Creek Capital Acquires Broco-Rankin

On January 11, 2023, private equity firm Salt Creek Capital acquired electrical equipment company Broco-Rankin

Acquisition Highlights
  • This is Salt Creek Capital’s 2nd transaction in the Electrical Equipment sector.
  • This is Salt Creek Capital’s 42nd transaction in the United States.
  • This is Salt Creek Capital’s 15th transaction in California.

M&A Deal Summary
Date 2023-01-11
Target Broco-Rankin
Sector Electrical Equipment
Buyer(s) Salt Creek Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Shoreline Partners LLC (Financial)

Target

Broco-Rankin

Ontario, California, United States
website
Broco is an underwater cutting and welding tool company and Rankin Industries is a manufacturer of hard-facing products, specialty alloys, and security cabinets & containers. The Company also manufactures a variety of other products for use in welding, cutting, hard facing, and security purposes. Broco is based in Ontario, California.

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Buyer(S) 1

Buyer

Salt Creek Capital

Woodside, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Salt Creek Capital (SCC) is a private equity firm focused on the lower middle-market. SCC targets growth oriented businesses (organic or through acquisitions) with the potential to lead their respective markets. Prospective companies are generally profitable ($1 million+ of EBITDA) and generate $3 to $50 million of revenue. Sectors of interest include business services, energy services, distribution, franchising, logistics, and specialty finance. Target transaction situations include recapitalizations, successions, growth capital financings, shareholder liquidity needs, MBOs, and divestitures. Salt Creek Capital is based in Menlo Park, California.

DEAL STATS #
Overall 42 of 45
Sector (Electrical Equipment) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 34 of 37
State (California) 15 of 16
Country (United States) 42 of 45
Year (2023) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-13 Warne Scope Mounts

Tualatin, Oregon, United States

Warne Scope Mounts is a designer and manufacturer of an extensive range of quick-detachable and fixed scope mounting systems for firearms. Warne Scope Mounts was founded in 1991 and is based in Tualatin, Oregon.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-19 Cotta

Beloit, Wisconsin, United States

Cotta is a manufacturer of heavy-duty and high-speed transmissions, primarily for original equipment manufacturers with low volume, custom, and specialty applications. Cotta was founded in 1906 and is based in Beloit, Wisconsin.

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