Salt Creek Capital has acquired Montrose, Pennsylvania-based Rock Ridge Stone Inc, a thermal bluestone maker for the building products sector. No financial terms were disclosed.
Menlo Park, California – June 8, 2015 – Salt Creek Capital is pleased to announce the acquisition of Rock Ridge Stone Inc., a leading manufacturer of high-quality thermal bluestone for the building products industry. Located in Montrose, PA, the company quarries, manufactures and distributes natural stone products used in a variety of outdoor applications for both the residential and commercial construction markets.
Jon Beizer, Managing Director of Salt Creek Capital, said, “We are pleased to complete this acquisition and feel confident that Rock Ridge is well-positioned to take advantage of future industry growth. We look forward to our partnership with Mr. Augie DeLuca who will serve as the company’s incoming CEO, and who played an instrumental role in completing the transaction.”
Mr. DeLuca, who joined Salt Creek Capital as an Executive Partner in 2014, stated “I am excited to join the Rock Ridge team and continue building on the company’s reputation for leadership in quality and innovation. It has been a pleasure working with Salt Creek, a firm with a strong track record of supporting growing manufacturing businesses. I look forward to continuing to serve our loyal customers and to our continued growth in the industry.”
About Rock Ridge Stone
Founded in 1986, Rock Ridge Stone is a state of the art manufacturing company producing the highest quality, lowest cost thermal bluestone available to the market. Thermal bluestone is a natural stone product that is “treated” to create a coarse surface, making it ideal for higher-end outdoor applications for the residential construction, home improvement and commercial real estate markets.
The company quarries, manufactures and distributes its products to a broad base of wholesale and retail customers.
About Salt Creek Capital
Salt Creek Capital is a San Francisco Bay Area-based private equity firm focused on executive-led buyouts of profitable companies with up to $50 million in revenue. Salt Creek takes a long-term approach to investing in lower middle market businesses and seeks to create value by working closely with management teams to accelerate growth and to improve the operating efficiency of its portfolio companies. More information is available at www.saltcreekcap.com.