Salt Creek Capital Acquires Pioneer Industrial Sales

December 5, 2023

San Francisco Bay Area-based private equity firm Salt Creek Capital has acquired Pioneer Industrial Sales, a distributor of power transmission, MRO, material handling and packaging products. The founders Chris Price and Jerry Nowlin will transition leadership to incoming CEO Hank Pennington as Salt Creek works with management to expand the business and pursue growth opportunities across its customer base and product portfolio.

Buyers
Salt Creek Capital
Targets
Pioneer Industrial Sales
Sellers
Chris Price, Jerry Nowlin
Location
Tennessee, United States
Transaction Type
Buyout

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