Top Private Equity News, Member Posts, Managed Futures Daily Indices and more!

2yrs ago Private Equity privateequitywire Views: 155

Granite Creek Capital Partners invests in C&C Manufacturing

Submitted 23/09/2021 - 9:55am

Granite Creek Capital Partners, a private investment firm based in Chicago, has partnered with Equivu Capital (Equivu) on an investment in C&C Manufacturing (C&C), a manufacturer and distributor of heavy equipment, providing high-quality machinery to the scrap metal recycling, waste management, and airport maintenance equipment markets alongside a suite of aftermarket replacement parts and value-added services.

As part of the transaction, Equivu, the investment arm of entrepreneur Salvatore Calvino, has acquired a majority stake in C&C. In addition, Calvino was named CEO of C&C Manufacturing.

Granite Creek and Equivu’s investments, along with Calvino’s leadership, will enable C&C to capitalise on strong customer demand for its market-leading products through increased working capital investment, broadening its employee base and management team, and expanding its parts and services offerings.

Calvino, an experienced executive and entrepreneur, founded, operated, and invested in several aviation services companies. He founded his first company in 1985 and sold his group of companies to a strategic acquiror in 2015, having grown the platform from 40 to 4,200 employees.

Granite Creek’s investment in C&C Manufacturing was made from its USD200 million fund, Granite Creek FlexCap II, LP (FlexCap II). Granite Creek targets investments in companies engaged in manufacturing, business services, healthcare, and agribusiness. The investment team plays an active role with the leadership of its portfolio companies to support growth, strategy and financial development.

“We are thrilled to partner with Sal on this transaction. We are impressed by Sal’s track record of building successful businesses, and his experience positions him well to lead C&C into its next phase of growth,” says Mark Radzik, Co-Founder and Managing Partner at Granite Creek Capital Partners, LLC. “C&C’s well-known brands, market-leading products, and strong customer support position the company for continued success.”

“I am extremely excited to be partnering with Granite Creek on this investment in C&C Manufacturing. They are a great fit to help us build and grow C&C far into the future,” says Salvatore Calvino, CEO of C&C Manufacturing. “C&C will remain focused on building the industry’s best multi-purpose snow removal equipment, landfill compactors, and scrap metal loggers to serve the needs of our customers.”

Like this article? Sign up to our free newsletter Author Profile Related Topics Deals & Transactions Investments

Today's Private Equity Headlines:

Log In for More
Access Over 250K+ Industry Headlines, Posts and Updates
Not a member yet?

Join AlphaMaven

The Premier Alternative Investment
Research and Due Diligence Platform for Investors

Free Membership for Qualified Investors and Industry Participants
  • Easily Customize Content to Match Your Investment Preferences
  • Breaking News 24/7/365
  • Daily Newsletter & Indices
  • Alternative Investment Listings & LeaderBoards
  • Industry Research, Due Diligence, Videos, Webinars, Events, Press Releases, Market Commentary, Newsletters, Fact Sheets, Presentations, Investment Mandates, Video PitchBooks & More!
  • Company Directory
  • Contact Directory
  • Member Posts & Publications
  • Alpha University Video Series to Expand Investor Knowledge
  • AUM Accelerator Program (designed for investment managers)
  • Over 450K+ Industry Headlines, Posts and Updates
ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.