M&A Deal Summary

Salt Creek Capital Acquires Cul-Mac

On January 14, 2021, private equity firm Salt Creek Capital acquired chemicals company Cul-Mac

Acquisition Highlights
  • This is Salt Creek Capital’s 2nd transaction in the Chemicals sector.
  • This is Salt Creek Capital’s 31st transaction in the United States.
  • This is Salt Creek Capital’s 2nd transaction in Michigan.

M&A Deal Summary

Date 2021-01-14
Target Cul-Mac
Sector Chemicals
Buyer(s) Salt Creek Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Cul-Mac

Wayne, Michigan, United States
Cul-Mac is a chemical blending, filling, and packaging company with a diversified portfolio of well-known brands and high-quality products in several distinct categories. Cul-Mac serves a broad base of large retailers and industrial customers across the United States with products that include diesel exhaust fluid, windshield washer solvents, anti-freeze products, car wash cleaners, swimming pool sanitizers, and other industrial cleaners. Cul-Mac was founded in 1981 and is based in Wayne, Michigan.

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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 31 of 57
Sector: Chemicals M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 24 of 48
State: Michigan M&A 2 of 3
Country: United States M&A 31 of 56
Year: 2021 M&A 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 TeamLogic IT

Newton, Pennsylvania, United States

TeamLogic IT is a national provider of technology services and solutions for businesses of all kinds. TeamLogic IT was founded in 2011 and is based in Newton, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-16 Tuscan Imports

Florence, South Carolina, United States

Tuscan Imports is a distributor of Italian ovens, grills, and authentic terracotta pottery across the U.S., Canada, and Mexico. The company is an importer and distributor of Fontana Forni products in the U.S. and Canada, offering a premier portfolio of artisanal wood- and gas-fired ovens. Tuscan Imports was founded in 1988 and is based in Florence, South Carolina.

Buy -