Salt Creek Capital has completed the acquisition of Ultra Solutions, a provider of pre-owned and refurbished ultrasound equipment to the healthcare industry.
Ultra Solutions acquires, refurbishes, repairs and sells ultrasound equipment to hospitals, physician practices and wholesale distributors. The company has direct purchasing relationships with sources around the world and maintains one of the largest inventories of pre‐owned ultrasound equipment in the industry. The company was founded in 2001 and is based in Ontario, CA (www.ultrasolutions.com).
“We are very pleased to have completed the acquisition of Ultra Solutions”, said Dan Mytels, Managing Director of Salt Creek Capital. “Ultra represents an industry leading company with a solid history of growth. We look forward to working with our Executive Partner, Mr. Sterling Peloso, and the rest of the organization at Ultra to ensure a smooth transition.”
Mr. Peloso is a senior executive with experience leading multi-million dollar service organizations. “I am excited to partner with Salt Creek on the acquisition of Ultra. Salt Creek has a strong track record of partnering with management to effect growth and maximize performance,” said Mr. Peloso, incoming President and CEO of Ultra Solutions. “I look forward to working with them and the Ultra Solutions team to position the company for future success”.
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, CA (www.saltcreekcap.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 9-17-13
