M&A Deal Summary

Salt Creek Capital Acquires Versa Gripps

On March 8, 2023, private equity firm Salt Creek Capital acquired consumer products company Versa Gripps

Acquisition Highlights
  • This is Salt Creek Capital’s 3rd transaction in the Consumer Products sector.
  • This is Salt Creek Capital’s 48th transaction in the United States.
  • This is Salt Creek Capital’s 1st transaction in Maine.

M&A Deal Summary

Date 2023-03-08
Target Versa Gripps
Sector Consumer Products
Buyer(s) Salt Creek Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Versa Gripps

Hancock, Maine, United States
Versa Gripps is a manufacturer of performance-driven weightlifting accessories. Versa Gripps was founded in 1998 and is based in Hancock, Maine.

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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 48 of 57
Sector: Consumer Products M&A 3 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 39 of 48
State: Maine M&A 1 of 1
Country: United States M&A 48 of 56
Year: 2023 M&A 3 of 6
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-03 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.

Sell -