G. Scott Capital Partners LLC announced today (June 4) that it has led the recapitalization of Valterra Products LLC, taking an ownership stake with founders George Grengs and Dennis Lunder, who remain significant shareholders.
Based in Mission Hills, Calif., Valterra is a designer and manufacturer of brand name fluid control products to the recreational vehicle, pool and spa and industrial markets, according to a press release.
“Valterra has developed a strong presence in each of its respective markets, and has built a trusted and respected brand name,” said Greg Scott, managing director of Scott Capital. “Together with Valterra’s leadership team, our goal is to grow the company even further, both organically and via acquisitions, while continuing Valterra’s tradition of offering high-quality, value-added products.”
“We were looking for the right partner to help accelerate the growth of Valterra; someone who understood and appreciated the nuances of our business, as well as someone who could provide both capital and sound strategic advice to our team,” added George Grengs, president of Valterra. “After careful consideration, we found that partner in Scott Capital. They have a wealth of experience and success in taking each company with whom they partner to a higher level while keeping in place what makes each company great — its people, reputation, and commitment to the customer.”
“Valterra’s leadership has done a tremendous job of growing the business,” explained Tom Pogacnik, director of Sperry, Mitchell and Company, who advised Valterra on the transaction. “With the resources of Scott Capital now behind it, Valterra is in an ideal position to accelerate its growth and development.”
Founded in 1981, Valterra offers a growing portfolio of more than 3,500 products and accessories, Grengs noted. Valterra’s suite of products includes valves, fittings, regulators, hoses, sewer kits, as well as pool water test kits, pumps, filters and cleaning accessories. Its products are sold to a diverse base of more than 1,200 customers in the United States and internationally.
Scott Capital is a private investment firm that focuses on companies that offer the opportunity for solid, achievable growth and capital appreciation, Scott explained. The firm believes in creating value by partnering with existing management teams and by taking a distinct long-term “buy and build” view with each portfolio company investment, he added, noting that Scott Capital assists its partner companies with a range of operational and strategic support activities.
Sperry, Mitchell & Co. served as exclusive financial advisor to Valterra. Dentons US LLP served as Valterra’s legal representation in the United States, while McKenna Long & Aldridge LLP served as Valterra’s legal representation in Mexico. Scott Capital’s legal counsel was Bradley Arant Boult Cummings LLP.