M&A Deal Summary

Salt Creek Capital Acquires Tuscan Imports

On April 16, 2021, private equity firm Salt Creek Capital acquired distribution company Tuscan Imports

Acquisition Highlights
  • This is Salt Creek Capital’s 4th transaction in the Distribution sector.
  • This is Salt Creek Capital’s 31st transaction in the United States.
  • This is Salt Creek Capital’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2021-04-16
Target Tuscan Imports
Sector Distribution
Buyer(s) Salt Creek Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Tuscan Imports

Florence, South Carolina, United States
Tuscan Imports is a distributor of Italian ovens, grills, and authentic Italian terracotta pottery to the U.S, Canada, and Mexico. Tuscan is the exclusive importer and distributor of Fontana Forni products in the U.S and Canada and offers a leading product portfolio of premium quality artisanal wood and gas-fired ovens. Tuscan Imports was founded in 1988 and is based in Florence, South Carolina.

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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 31 of 45
Sector (Distribution) 4 of 8
Type (Buyout (LBO, MBO, MBI)) 24 of 37
State (South Carolina) 1 of 1
Country (United States) 31 of 45
Year (2021) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-14 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-30 OP/TECH USA

Belgrade, Massachusetts, United States

OP/TECH USA designs, manufactures, and distributes a diversified portfolio of products, including photography accessories, musical instrument accessories, and slings, straps, and harnesses for warehouse workers. OP/TECH USA was founded in 1982 and is based in Belgrade, Massachusetts.

Buy -
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