Salt Creek Capital has acquired Renton, Washington-based Sound Building Supply Inc, a maker of metal flashing, roofing, and building products. No financial terms were disclosed.
Menlo Park, California – March 7, 2018: Salt Creek Capital is pleased to announce the acquisition of Sound Building Supply, Inc. (SBS), a leading manufacturer and distributor of metal flashing, roofing, and building products. SBS is headquartered in Renton, WA, and sells products to customers in the construction wholesale industry throughout the Pacific Northwest.
Richard Thome, incoming CEO, stated, “I am thrilled to have partnered with Salt Creek Capital to complete this acquisition and am eager to join the SBS team. The founders of SBS built an exceptional business with a sterling reputation, and I am honored to have the opportunity to continue building upon this legacy.”
Diane Wilkins and Steven Wisner, co-founders of Sound Building Supply, said, “We could not be prouder of the SBS team and all the hard work that enabled us to achieve what we have over the past 40 years. We were pleased that Salt Creek Capital brought in a high-quality, proven CEO to help transition the business. The firm provided a solution to our needs for liquidity and my desire to transition our leadership responsibilities so that we could retire. The company is poised to enter a new period of growth, and we are confident that Richard and Salt Creek Capital are capable of achieving success with our employees, customers and vendors.”
Salt Creek Capital’s Vice President, Daniel Price, added, “Sound Building Supply is a strong business serving a growing region of the country, and we are delighted to partner with Richard to take on new growth initiatives and support the business in reaching its full potential. Diane Wilkins and Steve Wisner built an outstanding company and we sincerely appreciate their support in completing the transaction.”
About Sound Building Supply
Founded in 1978, Sound Building Supply is a leading manufacturer and distributor of metal flashing, roofing, and construction products used in a variety of residential and commercial roofing and siding applications. The company sells its product to a network of wholesale and specialty retail companies in the construction supplies industry and serves customers throughout Washington, Oregon, and Alaska. More information is available at www.soundbuildingsupply.com.
About Salt Creek Capital
Salt Creek Capital is a San Francisco Bay Area-based private equity firm partnering with experienced operating executives to acquire profitable companies with up to $100 million in revenue. Salt Creek Capital 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. For more information, contact Daniel Price at firstname.lastname@example.org or visit www.saltcreekcap.com.