DENVER – SLATE Partners (SLATE) announced today that its Principals advised Griplock Systems, LLC (Griplock), a portfolio company of KCA Partners, Ltd. on its sale to Salt Creek Capital, a California-based private equity firm.
Founded in 1992, Griplock Systems is the leading designer and provider of proprietary cable suspension hardware and fastener systems. The Company currently sells its systems primarily into the architectural lighting end-market, where it has long-standing relationships with most of the major lighting original equipment manufacturers. These manufacturers integrate the Company’s systems into their own architectural and industrial lighting designs, marketing a complete, finished product. In addition, the Company’s systems have applications for retail display and signage, industrial and high-bay lighting, rigging, suspended ceiling, art display, and other growing end markets.
“SLATE managed a highly effective and efficient sell-side process from kick-off to close. The SLATE team created outstanding marketing materials and carefully managed a comprehensive marketing process that ultimately yielded multiple attractive offers for Griplock. SLATE’s proactive management of post-LOI due diligence and final negotiations limited potential issues and kept the process moving to an on-time close. Overall, we were extremely pleased with SLATE’s execution of the transaction”, remarked Sedge Dienst, Partner of KCA Partners.
Jason Munoz, co-founder of SLATE Partners added, “By offering comprehensive engineering and design service, as well as superior quality, Griplock has emerged as the clear leader in an attractive sector. The Company is perfectly positioned to capitalize on the continuing transition to LEDs in the lighting industry while diversifying into new markets and applications. It was a pleasure working with KCA Partners and the Griplock management team in this process.”
Griplock received legal counsel from Farella Braun & Martel LLP.
