Salt Creek Capital Announces Acquisition of Ultra Solutions
Sep. 16, 2013
Menlo Park, California – September 16, 2013 – Salt Creek Capital is pleased to announce the recently completed acquisition of Ultra Solutions (“Ultra”). Located in Ontario, California, Ultra is one of the largest providers of high-quality, pre-owned ultrasound equipment in the industry. The company repairs and sells its extensive inventory of refurbished ultrasound equipment to hospitals, imaging centers, physician practices and wholesale distributors throughout North and South America, Europe and Asia.
“We are very pleased to have completed the acquisition of Ultra Solutions”, said Dan Mytels, Managing Director of Salt Creek Capital. “Ultra represents an industry leading company with a solid history of growth. We look forward to working with our Executive Partner, Mr. Sterling Peloso, and the rest of the organization at Ultra to ensure a smooth transition.”
Mr. Peloso, incoming President and CEO of Ultra Solutions, stated, “I am excited to partner with Salt Creek on the acquisition of Ultra. Salt Creek has a strong track record of partnering with management to effect growth and maximize performance. I look forward to working with them and the Ultra Solutions team to position the company for future success”. Mr. Peloso is a senior executive with extensive experience leading multi-million dollar service organizations who participated in Salt Creek Capital’s formal Executive Partnership Program.
About Ultra Solutions
Founded in 2001, Ultra Solutions is a leading provider of high quality, pre-owned and refurbished ultrasound equipment in the U.S. and internationally. The Company acquires, refurbishes, repairs and sells ultrasound equipment to hospitals, physician practices and wholesale distributors. The Company enjoys direct purchasing relationships with sources around the world and maintains one of the largest inventories of pre‐owned ultrasound equipment in the industry. More information is available at www.ultrasolutions.com.
About Salt Creek Capital
Salt Creek Capital is a San Francisco Bay Area private equity firm focused on executive-led buyouts of profitable companies with $3M – $50M in revenue. Salt Creek Capital takes a long-term approach to investing in lower middle market businesses and creating value by working with management teams to accelerate growth and to improve the operating efficiency of its portfolio companies. More information is available at www.saltcreekcap.com.