Rock Ridge Stone quarries, manufactures and distributes natural stone products used in a variety of outdoor applications. Thermal bluestone is a natural stone product that is “treated” to create a coarse surface, making it ideal for higher-end outdoor applications for the residential construction, home improvement and commercial real estate markets. Rock Ridge Stone was founded in 1986 and is based in Montrose, PA (no website found).
Upon closing of the transaction, Augie DeLuca, an Executive Partner of Salt Creek Capital since 2014, will become the new CEO of Rock Ridge Stone. “We are pleased to complete this acquisition and feel confident that Rock Ridge is well-positioned to take advantage of future industry growth. We look forward to our partnership with Mr. DeLuca who will serve as the company’s incoming-CEO, and who played an instrumental role in completing the transaction,” said Jon Beizer, Managing Director of Salt Creek Capital.
Prior to joining Salt Creek, Mr. DeLuca served as Chief Marketing Officer at two private equity portfolio companies within the consumer products industry: Materne North America, a maker and marketer of fruit-based snacks, and Quickie Manufacturing, a marketer and manufacturer of cleaning tools. Earlier in his career he held various general management, marketing and sales roles at Kraft, Newell Rubbermaid and Clorox having financial responsibility for businesses ranging from $20 million to $450 million.
Salt Creek Capital invests in lower middle-market companies located anywhere in the US that have $3 million to $50 million in revenue. Sectors of interest include business services, distribution, energy services, franchising, logistics and specialty finance. The firm is based in Menlo Park (www.saltcreekcap.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 6-15-15