Salt Creek Capital has acquired Santa Ana, California-based Garrison Manufacturing Inc, a maker of hydraulic cylinders, valves and related components. No financial terms were disclosed.
Menlo Park, California – October 5, 2015 – Salt Creek Capital is pleased to announce the acquisition of Garrison Manufacturing Inc., a leading manufacturer of hydraulic cylinders, valves and related components. Located in Santa Ana, California, the Company designs, manufactures and sells high-quality hydraulic power systems and components used in a variety of applications, such as heavy machinery and industrial manufacturing equipment.
Dan Mytels, Managing Director of Salt Creek Capital, said, “Garrison is a well-established leader in the industry, and we’re pleased to have completed this acquisition and to have the opportunity to work with our Executive Partner, Mr. Venu Shan, to position the company for continued growth.”
Venu Shan, who participated in Salt Creek Capital’s formal Executive Partnership Program, stated “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 joining the Garrison team and continuing to build on the company’s 75-year history of supplying quality products to the marketplace.”
About Garrison Manufacturing Inc.
Founded in 1939, Garrison Manufacturing is a key and typically sole-source supplier of hydraulic cylinders for heavy vehicles and other industrial and commercial applications. The Company benefits from a sticky and entrenched position with customers and manufacturers, and sells hydraulic cylinders, steering valves and DBJSL (drag links, ball joints and steering linkage) components. These products are primarily used as components for manufacturing construction equipment, oil rigs, chassis, material handling and industrial equipment in the U.S. and Canada. More information is available at http://www.garrisonmfg.com.
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 http://www.saltcreekcap.com.