Montage Partners Announces Successful Exit from Cal-Sierra Pipe
STOCKTON, CA – Montage Partners, a Scottsdale, Arizona-based private equity firm, announced today the successful exit of its investment in Cal-Sierra Pipe, LLC (“Cal-Sierra” or the “Company”). The Company was acquired by CEO John Peery with financing from Sunflower Bank.
“We congratulate John and the Cal-Sierra team on a great 2021 and for their dedication to positioning the company for further growth,” Jordan Tate, co-Managing Partner of Montage Partners, said of the exit. “We wish John well in continuing to build upon the Company’s successful 60-year history.”
Founded in 1962, Cal-Sierra is a value-added distributor of high-quality steel pipe and other water infrastructure materials in the western U.S. Montage Partners invested in Cal-Sierra after decades of family ownership when the owner, Larry Gorham, sought liquidity for retirement. Since the investment, Cal-Sierra has continued to grow and thoughtfully expand, opening a new location in Paso Robles in 2019.
“I wholeheartedly support this transaction, as it signals further success for John and the company I spent years building,” commented Gorham, who remained on the board of the Company after retiring. “I appreciate Montage Partners’ dedication over the years of their investment to protecting the Company and the legacy I and my family created.”
Cal-Sierra remains well-capitalized and well-positioned for continued success. The Company will continue to support customers with a large inventory, quick delivery times, and its customary reliability, and will look to grow by selectively adding satellite stocking yards in order to expand the delivery radius served by company-owned trucks.
“I want to thank Jordan and the rest of the Montage Partners team for their close partnership and support over the years, through the good times and challenging,” Peery added. “I am excited to build upon our success so far, now as company owner.”
Montage Partners was represented by the law firm Osborn Maledon, P.A.
About Montage Partners
Founded in 2004 and headquartered in Scottsdale, Arizona, Montage Partners is a people-first private equity firm dedicated to helping established businesses reach transformative growth. Montage Partners invests in companies in diverse industries, including business services, consumer, healthcare, industrial and technology. Above all other investment criteria, Montage Partners invests in exceptional people. Montage Partners is actively seeking new investments in companies in the U.S. with EBITDA between $1 million and $5 million.