M&A Deal Summary

Salt Creek Capital Acquires Roman Products

On November 22, 2013, private equity firm Salt Creek Capital acquired consumer products company Roman Products from Hyde Tools

Acquisition Highlights
  • This is Salt Creek Capital’s 1st transaction in the Consumer Products sector.
  • This is Salt Creek Capital’s 7th transaction in the United States.
  • This is Salt Creek Capital’s 1st transaction in Illinois.
Investment Fate
  • Roman Products was recapitalized in 2019.

M&A Deal Summary

Date 2013-11-22
Target Roman Products
Sector Consumer Products
Buyer(s) Salt Creek Capital
Sellers(s) Hyde Tools
Deal Type Divestiture

Target

Roman Products

Calumet City, Illinois, United States
Roman Products is a manufacturer of adhesives, primers, strippers, and related items used in the application of wallcoverings for consumers and professional contractors. Roman Products was founded in 1955 and is based in Calumet City, Illinois.

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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 7 of 57
Sector: Consumer Products M&A 1 of 4
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 2
Country: United States M&A 7 of 56
Year: 2013 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-16 Ultra Solutions

Ontario, California, United States

Ultra Solutions is a provider of quality, pre-owned and refurbished ultrasound equipment. Ultra Solutions acquires, refurbishes, repairs and sells ultrasound equipment to hospitals, physician practices, and wholesale distributors. Ultra Solutions was founded in 2001 and is based in Ontario, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-07 Ultracor

Stockton, California, United States

Ultracor is a manufacturer of high-performance composite materials and specialty honeycomb systems for space and aerospace applications. Ultracor was founded in 1995 and is based in Stockton, California.

Sell -

Seller(S) 1

SELLER

Hyde Tools

Southbridge, Massachusetts, United States

Category Company
Founded 1900
Sector Manufacturing
DESCRIPTION

Hyde Tools Inc. manufactures surface preparation and finishing tools, and airless spray systems for customers in the United States and internationally.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-22 Roman Products

Calumet City, Illinois, United States

Roman Products is a manufacturer of adhesives, primers, strippers, and related items used in the application of wallcoverings for consumers and professional contractors. Roman Products was founded in 1955 and is based in Calumet City, Illinois.

Buy -