Salt Creek Capital has acquired Warne Scope Mounts, a supplier of riflescope accessories. Co-investing with Salt Creek on this transaction are new CEO Dan Goetz and C3 Capital.
“We are very pleased to have partnered with our executive partner, Dan Goetz and C3 Capital, to complete the acquisition of Warne”, said Dan Mytels, Managing Director of Salt Creek Capital. “Warne represents an industry leading company with attractive growth potential and strong market leadership.”
Warne is a supplier of riflescope accessories to the OEM and retail channels, including the sporting, hunting, and tactical-law enforcement firearms markets. The company designs and manufactures scope mounting systems, including bases, mounts, rings and accessories. Warne was founded in 1991 and is based in Tualatin, OR (www.warnescopemounts.com).
“We are all excited about the opportunity at Warne. The company has a dedicated and passionate team in place and a strong reputation for producing premium products. I look forward to working with the Salt Creek team to position the business for continued growth,” said Dan Goetz who will become the new CEO of the company.
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).
“We couldn’t be more pleased about investing in Warne and its management team. Dan Goetz brings a new set of talents and experiences to the organization, and we are confident that this will take Warne, which already has a great brand and makes industry-leading products, to the next level,” said Steve Swartzman, a C3 partner,
C3 Capital provides capital for businesses to finance later stage growth, strategic acquisitions, ownership transitions, and recapitalizations. The firm makes investments of $2 million to $10 million in the form of subordinated debt or preferred equity. C3 manages three funds with approximately $430 million in assets. The firm was founded in 1994 and is based in Kansas City, MO with additional offices in Dallas, TX and Phoenix, AZ (www.c3cap.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 3-5-13