Salt Creek Capital Acquires Broco Rankin (Broco, Rankin Industries, Strong Welding Products)
January 25, 2023
Salt Creek Capital, a Woodside, California-based private equity firm, has acquired Broco, Inc., Rankin Industries, Inc., and Strong Welding Products (collectively “Broco Rankin”), a manufacturer of underwater cutting and welding tools, tactical breaching products, hardfacing and protective metal alloys headquartered in Ontario, California. Sterling Peloso has been named CEO and the sellers are Richard "Rick" A. Ferry and Richard M. Ferry; Salt Creek intends to grow the business and expand its distribution and product reach.
- Buyers
- Salt Creek Capital
- Targets
- Broco, Inc., Rankin Industries, Inc., Strong Welding Products, Inc.
- Sellers
- Richard "Rick" A. Ferry, Richard M. Ferry
- Industry
- Manufacturing
- Location
- California, United States
- Transaction Type
- Buyout
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