Salt Creek Capital Acquires Southern Doors, LLC
Jun. 28, 2023
Woodside, California (June 28, 2023) – Salt Creek Capital is pleased to announce the acquisition of Southern Doors, LLC. dba Southern Ideal Door. (“Southern” or the “Company”), a leading full-service overhead door distribution company. The Company sells overhead doors, door peripherals (track, springs, and hardware components), operators, dock equipment and control devices from its full service facilities in Atlanta, GA and Charlotte, NC.
Salt Creek Capital is partnering with Mr. Joel Lewis, the incoming President & CEO, who served as General Manager at the Company’s Charlotte location that he helped establish in 2004. Mr. Lewis commented, “Southern has a long and proud history of providing high-quality overhead doors in the Atlanta and Charlotte markets. As a leader in this industry, our commitment to our valued employees and loyal customer base remains as strong as ever. The team at Southern looks forward to working with Salt Creek to continue the growth into the future.”
Mr. Phil Scott, the majority owner and retiring CEO of Southern, said “It has been an amazing three-decade journey building Southern into the business it is today. We were careful in selecting the right partner who could take what we have built to the next level. Salt Creek Capital provided a perfect solution for my transition to retirement, and I’m confident that we chose the right partners to help guide the business going forward.”
Bobby Sheth, Managing Director of Salt Creek Capital, added, “Southern’s reputation and track record of success speak to the leadership qualities of Joel and the entire Southern management team. We are very pleased to continue to support the Company through its next phase of growth and development.”
About Southern Doors, LLC.
Southern is a leading full-service overhead door distribution company that operates from two locations of near equal size in Atlanta, GA and Charlotte, NC. Product offerings include overhead doors, door operators, and dock equipment, along with value-add services and customization. Southern is one of the largest independently owned overhead door distributors in the Southeastern U.S. For more information, please visit www.southernidealdoor.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.