Salt Creek Capital Announces Recapitalization of Ultracor, Inc. by Gemini Investors
Mar. 10, 2014
Menlo Park, California – March 10, 2014 – Salt Creek Capital is pleased to announce the recently completed recapitalization of Ultracor, Inc. by Gemini Investors, http://www.gemini-investors.com, a private equity firm with $500MM under management. Located in Livermore, California, Ultracor is a leading manufacturer of high-performance composite materials and systems for the space and aerospace industries. Since 1995, the company has been a leading supplier of specialty honeycomb materials and systems used in satellites, aerospace applications and other high performance functions.
“Since acquiring Ultracor in December 2008, we have worked hard to expand our business and provide the industry with innovate products” stated Stan Wright, President of Ultracor. “We look forward to working with Gemini to continue to create critical applications and solutions for our industry leading customers.”
Dan Mytels, Managing Director at Salt Creek Capital stated, “It has been a pleasure to support Stan and the team at Ultracor for the past five years. We appreciate the opportunity to work with Gemini, who we see as a value-added investor, to support the company’s next phase of growth.”
About Ultracor
Ultracor was founded in Benicia, CA as a spinout of YLA, Inc., a pioneering firm in the development of high-performance prepreg systems for the space and aerospace industries. The company is a leading manufacturer of composite honeycomb materials and is able to provide customers with core systems that meet the industry’s highest mechanical, structural and electromagnetic demands. More information is available at http://www.ultracorinc.com.
About Salt Creek Capital
Salt Creek Capital is a San Francisco Bay Area-based private equity firm focused on executive-led buyouts of profitable companies with $3M – $50M in revenue. Salt Creek 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 to improve the operating efficiency of its portfolio companies. More information is available at http://www.saltcreekcap.com.