Salt Creek Capital, a private equity firm based in Woodside, Calif., has acquired Broco Inc., Rankin Industries Inc. and Strong Welding Products, collectively, Broco Rankin.
Broco Rankin, headquartered in Ontario, Calif., is a manufacturer of underwater and industrial cutting and welding equipment, forced entry and tactical breaching equipment for law enforcement and military, as well as hardfacing and protective metal alloy products. Sterling Peloso has been named as Broco Rankin’s new CEO.
“We look forward to expanding Broco Rankin’s reach around the world in the near future,” says Peloso.