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
- Industry
- Industrial Services
- Location
- Tennessee, United States
- Transaction Type
- Buyout
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