Salt Creek Capital Acquires OP/TECH USA, Inc
April 30, 2021
Woodside, CA – Salt Creek Capital is pleased to announce the acquisition of OP/TECH USA, Inc. (“OP/TECH”), a leading consumer products manufacturer of branded and proprietary accessories, slings, straps, and harnesses. Established in 1982, OP/TECH designs, manufactures, and distributes a diversified portfolio of products, including photography accessories, musical instrument accessories and slings, straps and harnesses for warehouse workers.
Mr. Terry Jackson and Ms. Leslie Jackson, Owners of OP/TECH, said “It was an incredible experience to lead the growth of OP/TECH over the past three decades. We are pleased to have worked with Salt Creek Capital and Richard Reuter on this transaction, and we trust that the company is well positioned for continued growth under the new leadership.”
Richard Reuter, the incoming CEO, stated “OP/TECH provides high quality branded products and is a clear leader in its niche market. I look forward to working with the team towards the company’s continued success as we expand our product offerings and enter new markets. I would like to thank Terry and Leslie for entrusting us with the future success of OP/TECH, and Salt Creek Capital who brings tremendous experience as a capital provider and advisor to lower middle market companies.”
Salt Creek Capital’s Partner, Daniel Price, added, “OP/TECH has a long track record of success, and we believe it’s an exciting opportunity for us to build upon as a platform. The team at Salt Creek looks forward to working with Richard Reuter and supporting OP/TECH through its next phase of expansion.”
About OP/TECH
Headquartered in Belgrade, Montana, OP/TECH is a leading consumer products manufacturer of branded and proprietary accessories, slings, straps, and harnesses with a diversified portfolio of products, including photography accessories, musical instrument accessories and slings, straps and harnesses for warehouse workers. For more information, please contact Richard Reuter at rreuter@optechusa.com or visit www.optechusa.com.
About Salt Creek Capital
Salt Creek Capital is a San Francisco Bay Area-based private equity firm that partners with experienced operating executives to acquire profitable companies with up to $100 million in revenue. Salt Creek Capital takes a long-term approach to investing in lower middle market businesses and seeks to create value by working closely with management teams to accelerate growth and improve operating efficiencies. For more information, please contact Tyler Romrell at tyler@saltcreekcap.com or visit www.saltcreekcap.com.
SOURCE: Salt Creek Capital