Salt Creek Capital Acquires Diamond Nets, Inc.
Nov. 15, 2022
Woodside, California (November 15, 2022) – Salt Creek Capital is pleased to announce the acquisition of Diamond, Nets, Inc. (“Diamond Nets”), a leading full-service producer of small batch netting used in a wide variety of end markets. Headquartered in Everson, Washington, Diamond Nets is an industry leading manufacturer of specialty netting products that are utilized for custom applications and require certain quality specifications.
Les Powers and John Neal, Owners of Diamond Nets, jointly stated “It has been our great pleasure over the last three decades building Diamond Nets into the business it is today. We look forward to seeing Chris Dunn and the Salt Creek Capital team continue to grow the business and lead it through its next stage of growth.”
Chris Dunn, incoming CEO, added, “Diamond Nets has an exciting future ahead of it and I look forward to working with the great employees, suppliers and customers of the Company to build upon the great legacy created by Mr. Powers and Mr. Neal.”
Bobby Sheth, Managing Director of Salt Creek Capital, added, "Diamond Nets is an established leader in the netting space and we look forward to working alongside Chris and the team to continue to innovate and expand with this great platform.”
About Diamond Nets, Inc.
Headquartered in Everson, WA, Diamond Nets (www.diamondnets.com) is an industry leading manufacturer of specialty netting products that are utilized for custom applications and require certain quality specifications. Operating out of a 42,000 sq/ft production facility, Diamond Nets produces over 1.0M pounds of bulk knotted netting annually and offers a wide range of value-added services, including dying, treating, cutting, and kitting. Diamond Nets sells bulk and finished product to resellers and installers throughout North America, and internationally, who use the Company’s products to deliver customized netting solutions for a wide range of end-uses, including safety, fishing, agriculture, sports, decorative, and military applications.
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