Buyout (LBO, MBO, MBI) • Machinery

Granite Creek Partners Acquires Ritchie

On January 16, 2025, private equity firm Granite Creek Partners acquired machinery company Ritchie

Acquisition Context
  • This is Granite Creek Partners’ 2nd transaction in the Machinery sector.
  • This is Granite Creek Partners’ 36th transaction in the United States.
  • This is Granite Creek Partners’ 2nd transaction in Iowa.

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M&A Deal Summary

Date January 16, 2025
Target Ritchie
Sector Machinery
Buyer(s) Granite Creek Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Ritchie

Conrad, Iowa, United States
Ritchie is a manufacturer of automated livestock watering products. Ritchie offers a complete line of livestock watering products for the beef, dairy, equine, and other livestock markets. Ritchie was founded in 1921 and is based in Conrad, Iowa.
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Buyer Overview 1

Buyer

Granite Creek Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Granite Creek Partners is a Midwest US-based private equity firm focused on acquiring and investing in mid-sized companies operating in the manufacturing, distribution, business services, healthcare, and food sectors. The Firm looks to commit $7 to $25 million per transaction and can invest across the capital structure, including control/minority equity, mezzanine debt, senior secured debt, and debtor-in-possession loans. Granite Creek Partners was formed in 2005 and is based in Chicago.


Deal Context for Buyer #
Overall 38 of 38
Sector: Machinery 2 of 2
Type: Buyout (LBO, MBO, MBI) 14 of 14
State: Iowa 2 of 2
Country: United States 36 of 36
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-11 Seedbox Solution

Good Hope, Illinois, United States

Seedbox Solution is a full-service provider of reusable packaging and fleet management solutions to the seed industry. Seedbox Solution is based in Good Hope, Illinois.

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