Pennington Creek Capital Acquires Majority Stake in Rite in the Rain

LFM Capital Acquires Rainier Industries

October 12, 2021

Manufacturing

LFM Capital, a Nashville-based private equity firm, has invested in Rainier Industries, a long-established manufacturer of residential and commercial shade, shelter and display solutions headquartered in Tukwila, Washington. The Campbell family will remain involved as minority owners while LFM plans to partner with management to drive growth and operational improvements; terms were not disclosed.

Rainier Partners Invests in Wilmar Corporation

January 6, 2022

Industrial Services

Rainier Partners, a Seattle-based private equity firm, has made a minority growth investment in Wilmar Corporation, a Kent, Washington-based supplier, distributor, and category manager of specialty tools and equipment for the automotive aftermarket and other end markets. The Cantalini family will retain a significant ownership stake while Rainier provides capital and resources to support product expansion, geographic growth, and strategic acquisitions.

Granite Creek Capital Partners Acquires Ritchie Industries

January 16, 2025

Agriculture

Granite Creek Capital Partners has acquired Ritchie Industries, a century-old manufacturer of automated livestock watering products headquartered in Conrad, Iowa. The transaction is supported by an investment from Rural American Fund and a rollover by Ritchie's management and employees to fund product innovation and expand Ritchie’s presence in existing and international livestock markets.

Rain Bird Corporation Acquires Rachio, Inc.

October 1, 2025

Building Products

Rain Bird Corporation has acquired Rachio, Inc., a Denver-based maker of cloud-connected smart irrigation controllers and related smart-home irrigation products. Rachio will operate as a wholly owned subsidiary led by CEO and co-founder Chris Klein, combining Rain Bird's irrigation manufacturing scale with Rachio's connected-home technology to expand sustainable irrigation and smart-product offerings.

Tailwater Capital Partners with Ash Creek Renewables

July 25, 2023

Renewable Energy

Dallas-based private equity firm Tailwater Capital announced a partnership with Ash Creek Renewables to back the company as a platform for renewable fuel feedstock solutions. Ash Creek, led by CEO John Cusick, will provide feedstock marketing, distribution, pretreatment and logistics to North American renewable diesel and sustainable aviation fuel producers.

The Courtney Group Leads Acquisition of Peninsulators Inc.

September 8, 2020

Building Products

An investor group led by The Courtney Group, Incorporated has acquired a controlling interest in Peninsulators Inc. and its affiliates Peninsulators Northwest and A Shade Above. Lake Country Capital participated in the transaction; founders Ross Haisley and John Thomas retain ownership stakes and will continue in management roles as the company pursues geographic expansion and strategic growth initiatives.