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Griplock Systems company logo
INDUSTRIAL | Manufacturing
griplocksystems.com

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Stage

Loan | Alive

Total Raised

$680K

Last Raised

$680K | 1 yr ago

About Griplock Systems

Griplock Systems is a designer and provider of proprietary cable suspension hardware and low voltage products for LED systems that are revolutionary in eliminating traditional power cords. The Company sells its systems primarily into the architectural lighting end market. In addition, Griplock's products have applications for retail display and signage, industrial and high-bay lighting, rigging, suspended ceiling, art display, and other growing end markets.

Griplock Systems Headquarter Location

1132 Mark Avenue

Carpinteria, California, 93013,

United States

805-566-0064

Latest Griplock Systems News

Salt Creek buys Griplock

Aug 9, 2016

Salt Creek Capital has acquired Griplock Systems, a provider of of proprietary cable suspension hardware and low voltage products for LED systems. No financial terms were disclosed. PRESS RELEASE Menlo Park, California – July 29, 2016 – Salt Creek Capital is pleased to announce the acquisition of Griplock Systems, a market leading designer and provider of proprietary cable suspension hardware and low voltage systems used in architectural lighting, retail display and signage, industrial and highbay lighting, rigging, art display and other growing end markets. Todd Hemingway, incoming CEO, stated “Partnering with Salt Creek to acquire a highly engineered manufacturing business that leverages my 20 years of industry experience is an ideal situation. I am eager to begin working with the Griplock team and building upon the strong momentum at the company.” Salt Creek Capital’s Managing Director, Dan Mytels, commented that “Griplock is an innovative company creating a portfolio of strong intellectual property. Todd will be an excellent addition to the companywith his management background and experience as an innovator in fastener products, personally holding 5 related patents. We appreciate the support of Ocean Avenue Capital Partners, Spell Capital and Byline Bank in this transaction.” Jacques Youssefmir, Partner at Ocean Avenue Capital Partners, added “We are delighted to partner with Salt Creek in this acquisition. The application markets that Griplock serves are growing quickly, and the company is adding new product lines, making this an exciting time of growth and expansion.” About Griplock Founded in 1992, Griplock Systems is the leading designer and provider of proprietary cable suspension hardware and low voltage products for LED systems that are revolutionary in eliminating traditional power cords. The Company sells its systems primarily into the architectural lighting end market. In addition, Griplock’s products have applications for retail display and signage, industrial and high-bay lighting, rigging, suspended ceiling, art display, and other growing end markets. More information can be found at www.griplocksystems.com. About Salt Creek Capital Salt Creek Capital is a San Francisco Bay Area based private equity firm partnering with experienced operating executives to acquire profitable companies with up to $100 million in revenue. Salt Creek 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 to improve the operating efficiency of its portfolio companies. More information is available at www.saltcreekcap.com. Get your FREE trial or subscribe now to Buyouts to find new deal opportunities, super-charge your fundraising efforts and track top managers. Sign up to our Newsletter Receive updates from our PE HUB Wire and Top Stories of the Week newsletters: First Name:

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Griplock Systems Patents

Griplock Systems has filed 3 patents.

The 3 most popular patent topics include:

  • Automotive suspension technologies
  • Electricity
  • Lighting
patents chart

Application Date

Grant Date

Title

Related Topics

Status

1/13/2016

11/27/2018

Lighting, Automotive suspension technologies, Printed circuit board manufacturing, Electricity, Stage lighting

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Application Date

1/13/2016

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Grant Date

11/27/2018

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Related Topics

Lighting, Automotive suspension technologies, Printed circuit board manufacturing, Electricity, Stage lighting

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Grant

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