News

Woodside, California – Salt Creek Capital portfolio company Broco Rankin is proud to announce its acquisition of Ready Welder Corporation, the industry's original "off-the-grid" welding tool. Since its inception in 1997, ReadyWelderTM has been the standard-bearer in mobile welding technology, revolutionizing the way users approach welding in remote and rugged environments. Powered by two 12-volt batteries, this innovative tool allows users to weld anywhere, without the need for an electrical outlet—a concept that pioneered the "Weld in the Wild" category.

Broco Rankin, known for its world-class exothermic cutting equipment and tactical breaching equipment for the military, has long served customers operating in remote, challenging conditions. The acquisition of ReadyWelderTM is a natural extension of Broco Rankin's product line, as many of its users —ranging from military personnel to industrial workers—have depended on ReadyWelderTM for decades. As the original "Weld in the Wild" solution, Ready Welder's versatility and portability continue to make it a go-to tool for off-road maintenance, rescue operations, farming, maritime, oil and gas and military field repairs.

"We are excited to bring ReadyWelderTM into the Broco Rankin family," said Sterling Peloso, CEO at Broco Rankin. "For over two decades, Ready Welder has set the industry standard for mobile welding, and its legacy perfectly aligns with our mission of providing durable, high-performance tools for those working in unusual environments. ReadyWelderTM is a perfect fit for our portfolio, and we look forward to continuing its tradition of excellence while enhancing its capabilities."

With the acquisition, Broco Rankin has already made significant improvements to Ready Welder's award-winning design, ensuring the tool remains the top choice for professionals working off the grid. Broco Rankin is committed to advancing the ReadyWelder's legacy, ensuring it remains the most trusted name for mobile welding in the field.

About Broco Rankin

Broco, Inc., established in 1968, is the market leader in underwater cutting and welding tools. Rankin Industries, Inc., established in 1938, has grown into a market leading manufacturer of hardfacing products, specialty alloys, and security cabinets & containers. The Company also manufactures a variety of other products for use in welding, cutting, hardfacing, and security purposes. For more information, visit www.broco-rankin.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 $5 million - $150 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.