Granite Creek Invests in Global Animal Products to Support Management Buyout
November 21, 2024
Chicago-based private equity firm Granite Creek Capital Partners has invested in Global Animal Products (GAP) to support a management buyout and recapitalize the Amarillo, Texas-based feed-additives manufacturer. Founder Ken Ridenour will step back and retain a minority stake, while CEO Ben Tarr and the management team will continue to run the business with strategic support from Granite Creek and Operating Partner Mike Ray to scale product development, expand facilities, and pursue international growth.
- Buyers
- Granite Creek Capital Partners, Global Animal Products management and employees
- Targets
- Global Animal Products
- Sellers
- Ken Ridenour (founder)
- Industry
- Agriculture
- Location
- Texas, United States
- Transaction Type
- Recapitalization
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