Woodside, California – Salt Creek Capital (“SCC”) is pleased to announce the sale of Boyd Industries (“Boyd” or the “Company”) to Mr. Adrian LaTrace, the Company’s current CEO. Boyd is the leading manufacturer of operatory equipment in the dental specialist market. Since 1957, the Company has been a leading provider of innovative, highly reliable, and cost-effective equipment for thousands of domestic and international customers. Salt Creek Capital originally partnered with Mr. LaTrace to acquire Boyd in 2012.
Mr. Dan Phelps, Managing Partner at Salt Creek Capital, stated “We appreciate Adrian’s leadership during our involvement and the growth initiatives that he accomplished, including distribution channel expansion, product line extensions, and new product introductions, which have earned the Company industry awards and recognition. We are confident that he will continue building Boyd’s strong reputation, and we wish Adrian and his team continued success in Boyd’s next chapter.”
Mr. Adrian LaTrace, Boyd’s CEO, added “It has been an incredible experience leading Boyd since 2012, and I look forward to continuing to serve the Company’s customers, employees and community in the years to come. I am grateful for Salt Creek’s support in identifying Boyd as a fit for my operator skills, providing transaction expertise during the purchase and exit, and acting as a knowledgeable strategic partner over the years. Without their help, I would have never achieved this exciting milestone.”
About Boyd
Boyd Industries, the market leader in the design and manufacture of highly reliable, innovative Dental and Medical Operatory Equipment, has been the choice of dental and medical specialists for over 60 years. The Company’s award-winning products include a full line of Exam, Treatment and Surgery Chairs, Delivery Systems, Exam Lighting, custom Clinical Cabinetry, Operator Seating, and other office accessories. Boyd is an ISO 13485:2016 certified company. For more information, please visit www.boydindustries.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.
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