Broco Rankin, a portfolio company of Salt Creek Capital, has acquired Ready Welder Corporation.
Ready Welder specializes in portable welding products. The company’s flagship product, the ReadyWelder II, is a battery-powered, spool gun-style welder designed for use in remote locations without access to traditional welding equipment. This product allows users to weld anywhere, without the need for an electrical outlet—a concept that pioneered the “Weld in the Wild” category.
Ready Welder products are sold through online platforms and specialty tool retailers and are used by automotive repair professionals and field service technicians for off-road maintenance, rescue operations, farming, maritime, oil and gas, and military field repairs.
In addition to the Ready Welder II, the company offers accessories and replacement parts, such as battery clamps, spool adapters, and welding cables. Ready Welder was founded in 1997 by CEO David Burnett and is headquartered in Los Angeles, California.
Salt Creek acquired Broco Rankin through its acquisition in January 2023 of sister companies Broco, Inc. and Rankin Industries; and Strong Welding Products (together Broco Rankin).
Broco Rankin is a manufacturer of tools and equipment for underwater cutting and welding, law enforcement and military tactical breaching. Additional applications include rescue, industrial cutting and hardfacing, and protective metal alloys. Customers of the company include the military and special forces, first responders, law enforcement, and fire and rescue units in the Americas, Africa, Asia, Europe, and the Pacific Rim. Broco Rankin is headquartered near Los Angeles in Ontario, California.
Broco Rankin is the market leader in underwater exothermic cutting and welding tools including torches, stingers, rods, and electrodes. The company’s exothermic cutting rods quickly cut or melt cast iron, steel, stainless steel, concrete, granite, nickel, titanium, aluminum, and exotic metals.
Exothermic cutting and welding tools are highly specialized and are used to cut and weld metal components quickly and effectively. These tools use an exothermic reaction—a chemical reaction that releases a large amount of energy in the form of heat—to create high temperatures, allowing for faster cutting or welding.
“We are excited to bring ReadyWelder into the Broco Rankin family,” said Sterling Peloso, the CEO of Broco Rankin. “For over two decades, Ready Welder has set the industry standard for mobile welding, and its legacy perfectly aligns with our mission of providing durable, high-performance tools for those working in unusual environments. ReadyWelder is a perfect fit for our portfolio, and we look forward to continuing its tradition of excellence while enhancing its capabilities.”
Salt Creek invests in North American-headquartered companies that have revenues of $5 million to $150 million. Sectors of interest include manufacturing, logistics, value-added distribution, B2B and B2C services, food and beverage, healthcare, retail, and hospitality. The firm is headquartered near Menlo Park in Woodside, California.
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