M&A Deal Summary

Salt Creek Capital Acquires Broco-Rankin

On January 11, 2023, private equity firm Salt Creek Capital acquired manufacturer Broco-Rankin

Acquisition Highlights
  • This is Salt Creek Capital’s 9th transaction in the Manufacturing sector.
  • This is Salt Creek Capital’s 46th transaction in the United States.
  • This is Salt Creek Capital’s 17th transaction in California.

M&A Deal Summary

Date 2023-01-11
Target Broco-Rankin
Sector Manufacturing
Buyer(s) Salt Creek Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Shoreline Partners (Financial)

Target

Broco-Rankin

Ontario, California, United States
Broco-Rankin is a manufacturer of underwater cutting and welding tools, tactical and rescue equipment, and hardfacing alloys. The company serves industrial, military, and first responder markets across North America and globally. Broco-Rankin 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


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

Salt Creek Capital 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 $5 to $150 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 Woodside, California.


DEAL STATS #
Overall 46 of 57
Sector: Manufacturing M&A 9 of 12
Type: Buyout (LBO, MBO, MBI) M&A Deals 37 of 48
State: California M&A 17 of 20
Country: United States M&A 46 of 56
Year: 2023 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-21 Regal Products

Fairport, New York, United States

Regal Products is a distributor of firearm safety devices, cleaning kits, archery cases, and industrial hardware. The company focuses on design, marketing, inventory management, and global distribution while outsourcing manufacturing. Regal Products was founded in 1988 and is based in Fairport, New York.

Buy -
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.

Buy -