Granite Creek today announced the acquisition of Ritchie Industries, Inc. (“Ritchie” or the “Company”), a leading manufacturer of automated livestock watering products.
Ritchie offers a complete line of livestock watering products for the beef, dairy, equine and other livestock markets. Over its 100-plus year history, Ritchie has built the preeminent brand in the waterer industry with products synonymous with innovation, quality, and reliability. The waterers are manufactured in Conrad, Iowa, continuing the legacy of the Company’s founder, Thomas Ritchie, who patented the first automatic float-controlled livestock watering device in 1921.
“Ritchie has a storied history and has built an unmatched reputation for quality and integrity,” said Jim Clark, Partner at Granite Creek. “We are excited to have the opportunity to partner with the Company to build on its strong foundation and explore new products and services that will further expand Ritchie’s market-leading position.”
We are ready to leverage our expertise in livestock markets and animal health to support the Ritchie team. Clean, reliable water access in any weather and operating conditions is vital to a herd’s performance. We look forward to supporting Ritchie’s ongoing product innovation efforts for its customers in the United States and international markets.”
Mike Ray, Operating Partner at Granite CreekThe Granite Creek-led acquisition of Ritchie was supported by an investment from Rural American Fund and a rollover investment from Ritchie’s management and employees.
“The investment and partnership with Granite Creek and Rural American Fund mark an exciting new chapter in Ritchie’s history,” shares Robert Amundson, CEO of Ritchie Industries. “With Granite Creek and Rural American Fund’s support and growth ambitions, we are positioned to expand our product offerings and gain market share in new and existing end-markets.”