Griplock Systems LLC, a Carpinteria, Calif.-based maker of cable suspension systems, has raised an undisclosed amount of private equity funding from KCA Partners.
KCA Partners, Ltd. (“KCA”) announced the successful completion of its investment in Griplock Systems, LLC (“Griplock” or the “Company”), a specialized provider of cable suspension systems for multiple industrial and commercial markets. KCA has partnered with Griplock founder Sebastian Giefer who will continue to play a key role in product development and sales and marketing.
Griplock was founded in 1991 and is headquartered in Carpinteria, CA. The Company’s suspension systems address a wide range of applications, including energy efficient lighting, retail signage and store fixture display, architectural ceilings, theatrical and trade show rigging and museum quality art display. For additional information about Griplock, please visit the Company’s website at www.griplocksystems.com.
“We look forward to the opportunity to partner with KCA to continue our growth strategy,” said Sebastian Giefer, Founder of Griplock. “We believe the unique resources and expertise of KCA will help Griplock achieve significant success as we grow with current customers and as we enter new end markets.”
“We are excited to partner with Sebastian Giefer and the Griplock management team to build upon the Company’s strong momentum in the cable suspension market,” said PJ Nora, a partner of KCA. “Griplock represents a strong platform serving various end markets and we look forward to supporting the management team in executing organic growth initiatives as well as exploring potential add-on acquisitions.”
KCA also announced that Martha Groszewski, former CFO of Patagonia, will join Griplock as CEO. “The ‘Griplock?’ brand name is synonymous with adjustable cable suspension systems. Customers know and trust the Company for its premium products, stringent quality control, excellent safety record, value-added engineering and superior customer service,” said Ms. Groszewski. “I am looking forward to partnering with the Griplock team and KCA to continue the Company’s strong track record of growth.”
About KCA Partners, Ltd.
KCA Partners is a San Francisco-based private equity firm that works with a limited number of platform companies in order to devote both the operational and financial resources necessary for lower middle market companies to achieve their potential. Since the firm’s founding in 1993, KCA has operated as a partnership between the firm’s principals and the management teams in its operating companies. For more information about KCA, please visit KCA’s website at www.kcapartners.com.