M&A Deal Summary

Salt Creek Capital Acquires King Tester

On October 14, 2015, private equity firm Salt Creek Capital acquired manufacturer King Tester

Acquisition Highlights
  • This is Salt Creek Capital’s 3rd transaction in the Manufacturing sector.
  • This is Salt Creek Capital’s 13th transaction in the United States.
  • This is Salt Creek Capital’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2015-10-14
Target King Tester
Sector Manufacturing
Buyer(s) Salt Creek Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

King Tester

Phoenixville, Pennsylvania, United States
King Tester is a manufacturer and distributor of metallurgical equipment which is of high quality and ruggedly designed portable Brinell testers and related equipment. King Tester was founded in 1936 and is based in Phoenixville, Pennsylvania.

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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 (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 13 of 45
Sector (Manufacturing) 3 of 8
Type (Buyout (LBO, MBO, MBI)) 10 of 37
State (Pennsylvania) 2 of 3
Country (United States) 13 of 45
Year (2015) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-05 Garrison Manufacturing

Santa Ana, California, United States

Garrison Manufacturing is a manufacturer of hydraulic cylinders, valves, and related components. The Company designs, manufactures, and sells high-quality hydraulic power systems and components used in a variety of applications, such as heavy machinery and industrial manufacturing equipment. Garrison Manufacturing was founded in 1939 and is based in Santa Ana, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 Workwell

Salinas, California, United States

Workwell is an occupational medicine and urgent care provider serving large employers and individuals located in the California Central Coast. The company offers a complete suite of healthcare services to improve healing time for employees injured at their place of work. Workwell was founded in 2003 and is based in Salinas, California.

Buy -
Mergr

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