Granite Creek Capital Partners Acquires Ritchie Industries

Granite Creek Invests in Global Animal Products to Support Management Buyout

November 21, 2024

Agriculture

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.

Salt Creek Capital Acquires Northrock Industries

December 18, 2025

Manufacturing

Salt Creek Capital, a San Francisco Bay Area private equity firm, has acquired Northrock Industries, Inc., a Bohemia, New York-based manufacturer of American-made industrial construction tools. Bret Schmitz will become CEO as founder Brian Robertson exits, and Salt Creek intends to expand Northrock’s geographic reach, enhance its digital presence, and grow the customer base.

Granite Creek and Equivu Acquire Majority Stake in C&C Manufacturing

September 24, 2021

Manufacturing

Chicago-based Granite Creek Capital Partners partnered with Equivu Capital (the investment arm of Salvatore Calvino) to acquire a majority stake in C&C Manufacturing (formerly Al-jon Manufacturing). Equivu's Salvatore Calvino was named CEO and the investment will provide working capital to grow the company's workforce, expand parts and services, and capitalize on demand across scrap recycling, waste management, and airport maintenance markets.

Ranch Creek Partners Acquires Rainier Welding, Inc.

March 3, 2020

Industrial Services

Ranch Creek Partners, LLC acquired Rainier Welding, Inc., a family-owned fabricator of steel and aluminum structures serving the transportation and marine sectors. The shareholders sold the business to enable the founders' retirement and to partner with a PE firm experienced in middle-market control investments.

Xceed Foodservice Group Acquires Majority Stakes in Ritchie Marketing and Littler Brokerage

April 15, 2025

Food & Beverage

Xceed Foodservice Group, a portfolio company of San Francisco Equity Partners, made majority investments in Ritchie Marketing and Littler Brokerage to expand its foodservice brokerage platform footprint across the Midwest and Southeast. The transactions increase Xceed's coverage to 27 states; terms were not disclosed and the management teams will continue to operate their businesses with significant retained equity.

Ritchie Bros. Acquires Controlling Stake in VeriTread

January 9, 2023

Transportation

Ritchie Bros. has purchased a controlling 75% stake in VeriTread, a transportation technology and heavy-haul freight marketplace, increasing its prior 11% ownership. The acquisition is intended to accelerate Ritchie Bros.' marketplace strategy by integrating VeriTread's transportation marketplace, brokerage capabilities, and freight tools into Ritchie Bros.' broader equipment marketplace and services.