Salt Creek Capital Acquires Lewis Brass & Copper Holding Company
May. 11, 2023
Woodside, California (May 11, 2023) – Salt Creek Capital is pleased to announce the acquisition of Lewis Brass & Copper Holding Company (“Lewis Brass” or the “Company”), a leading distributor of brass and copper-based alloy Tubing, Rods, Sheets, and other Specialty Products. The Company leverages its captive redraw capabilities and strategically located facilities in New York, Connecticut and Illinois to provide a one-stop solution to customers across North America.
Richard Bacharach and Martin Erdfarb, the retiring CEO and CFO of Lewis Brass, jointly stated “It has been an amazing four-decade journey building Lewis Brass into the company it is today. As an ESOP with many stakeholders, we were focused on finding a qualified buyer capable of completing this transaction, as well as an executive leader capable of immediately taking over the business upon our retirement. We were pleased to find the right combination in Salt Creek Capital and Luke Anderson.”
Luke Anderson, incoming CEO, added, “Lewis Brass & Copper has a legacy that spans over 65 years. I believe the strong foundation built by Richard and Martin will help the business evolve as we seek to expand the business, and I look forward to working with the loyal employees, suppliers and customers.”
Tyler Romrell, Vice President at Salt Creek Capital, added, "Lewis Brass holds a dominant market position in the niches that it serves, with a team that provides best-in-class service and solutions to customers across North America. The Company has achieved tremendous success under the leadership of Richard and Martin, and the Salt Creek team looks forward to supporting Luke as he guides the Company through its next phase of development.”
About Lewis Brass
Founded in 1957, Lewis Brass (www.lewisbrass.com) is a leading distributor of brass and copper-based alloy tubing, rods, sheets, and other specialty products, serving customers in multiple end-markets. The Company owns and leverages a captive redraw facility, Drawn Metal Tube Company (www.drawnmetal.com), for the custom reshaping of metal alloys to fulfil specialized customer orders. Lewis Brass & Copper has been a leader in the brass and copper distribution market for over 65 years, distributing to customers throughout North America from distribution facilities located in Middle Village, NY, Thomaston, CT and Chicago, IL.
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 $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 email@example.com or visit www.saltcreekcap.com.