Announced
Completed
Financials
Tags
forced entry products
Private
Friendly
welding products
Acquisition
underwater cutting
Domestic
Completed
Majority
Private Equity
Security Equipment
United States
Single Bidder
Synopsis
Salt Creek Capital, a private equity firm based in Woodside, California, completed the acquisition of Broco Rankin, which specializes in underwater cutting and welding products, and designs and manufactures tactical and forced entry products for law enforcement, military, and fire and rescue, and industrial exothermic cutting and welding systems. Financial terms were not disclosed. "I am excited to join Broco Rankin. This is a great company with a solid foundation and a strong, experienced team. I am looking forward to working with the employees, clients and customers to continue the company legacy of quality and innovation that is well established," Sterling Peloso, Broco Rankin CEO.
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