M&A Deal Summary

Salt Creek Capital Acquires Sperry & Rice

On April 18, 2016, private equity firm Salt Creek Capital acquired chemicals company Sperry & Rice

Acquisition Highlights
  • This is Salt Creek Capital’s 1st transaction in the Chemicals sector.
  • This is Salt Creek Capital’s 15th transaction in the United States.
  • This is Salt Creek Capital’s 1st transaction in Ohio.

M&A Deal Summary

Date 2016-04-18
Target Sperry & Rice
Sector Chemicals
Buyer(s) Salt Creek Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Sperry & Rice

Killbuck, Ohio, United States
Sperry & Rice is a manufacturer of specialized rubber components for the appliance, automotive, and heavy truck & bus industries. Sperry & Rice was founded in 1947 and is based in Killbuck, Ohio.

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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 15 of 57
Sector: Chemicals M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 11 of 48
State: Ohio M&A 1 of 1
Country: United States M&A 15 of 56
Year: 2016 M&A 1 of 5
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-29 Griplock Systems

Carpinteria, California, United States

Griplock Systems is a designer and provider of proprietary cable suspension hardware and low voltage systems used in architectural lighting, retail display and signage, industrial and highbay lighting, rigging, art display, and other growing end markets. Griplock Systems was founded in 1992 and is based in Carpinteria, California.

Buy -