M&A Deal Summary

Pennington Creek Capital Acquires Rite in the Rain

On August 11, 2025, private equity firm Pennington Creek Capital acquired manufacturer Rite in the Rain

Acquisition Highlights
  • This is Pennington Creek Capital’s 1st transaction in the Manufacturing sector.
  • This is Pennington Creek Capital’s 1st transaction in the United States.
  • This is Pennington Creek Capital’s 1st transaction in Washington.

M&A Deal Summary

Date 2025-08-11
Target Rite in the Rain
Sector Manufacturing
Buyer(s) Pennington Creek Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Rite in the Rain

Tacoma, Washington, United States
Rite in the Rain designs, manufactures, and distributes field data management and writing tools built to operate in harsh and demanding environments. With a legacy spanning over a century, Rite in the Rain is renowned for its durable and reliable products, which are used by professionals and outdoor enthusiasts in harsh environments and are sold via online and in-store retailers. Rite in the Rain was formed in 1916 and is based in Tacoma, Washington.

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Buyer(S) 1

DESCRIPTION

Pennington Creek Capital is a private investment firm focused on acquiring and investing in profitable lower middle-market companies across the US with $5 to $25 million of EBITDA. The Firm will consider both control and non-control positions in companies operating in a variety of sectors including manufacturing, energy services, food/beverage, consumer products, aerospace, and defense. Pennington Creek Capital was formed in 2024 and is based in Dallas, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Washington M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1