Salt Creek Capital Acquires Vantage Vehicle
Dec. 29, 2023
Woodside, California (December 29, 2023) – Salt Creek Capital is pleased to announce the acquisition of Vantage Vehicle International, Inc. (“Vantage” or the “Company”), a leading manufacturer of lowspeed utility vehicles. Vantage’s product offerings include trucks and vans built for utility functions, with a primary focus on Electric Vehicles. Vantage sells multiple versions of its truck and van utility vehicles through dealers across the United States.
Michael Pak, the founder of Vantage and retiring President & CEO, stated “Over the past two decades, it has been a great pleasure to build Vantage into the company it is today. We are centered around our loyal customers who value the excellent products that our dedicated employees have built and to which our committed dealers have introduced them.”
Pak added, “Vantage is poised to take advantage of favorable market conditions, and with incoming CEO Drew Lieberman’s leadership and Salt Creek’s support, I am confident that the company will reach its full potential. I am excited to continue as both an investor and advisor on this next phase of Vantage’s journey.”
Drew Lieberman brings leadership experience from his prior roles in leading automotive manufacturing companies and having run eBay Motors where he helped grow it into a $400 million dollar business for eBay. He states, “I feel fortunate walking into the tremendous organization Michael has built, and I look forward to adding to his great legacy.”
Lieberman added, “We produce a robust, high performing, cost-effective utility vehicle that universities, corporations, government agencies, and municipalities value. We are excited to take the company to the next level of performance as we further support and expand our national dealer network and augment the products and services that we offer the end-user.”
Michael DeRosa, Managing Director at Salt Creek Capital, added “Vantage is a leader in its industry, and Michael Pak is an exceptional entrepreneur who has built a successful business with significant potential for continued growth. We look forward to supporting Drew and the Company through its next phase of growth and development.”
About Vantage Vehicle
Founded in 1999, Vantage Vehicle (www.vantagevehicle.com) is a leading manufacturer of Low-Speed Vehicles, operating in Corona, CA. The Company’s product offerings include utility trucks and vans, most of which are Electric Vehicles. The Company offers a wide array of adaptations and accessories for their vehicles. Vantage sells products directly to customer and through a strong dealer network throughout North America.
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 tyler@saltcreekcap.com or visit www.saltcreekcap.com.