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Salt Creek Capital
Salt Creek Capital was established in 2009 by Dan Phelps and Dan Mytels. The Ragland family built the platform after acquiring The Gorilla Glue Company from...
Salt Creek Capital
Salt Creek Capital was established in 2009 by Dan Phelps and Dan Mytels. The Ragland family built the platform after acquiring The Gorilla Glue Company from founder Mark Singer. Nick Ragland serves as Co-CEO while also holding the role of Co-President at Gorilla Glue. The firm executes private equity buyouts, recapitalizations, and succession transactions. It targets profitable companies in manufacturing, distribution, and consumer sectors. Confirmed co-investments include Pacific Shoring alongside Huron Capital. Activity remains concentrated in North America with direct ownership and operational involvement rather than fund commitments. Nick Ragland and Jake Ragland hold board and trustee positions at the Cincinnati Art Museum and The Summit Country Day School. The family maintains The Ragland Family Foundation and supports GreenLight Fund Cincinnati. No material operational changes have been recorded in the past 24 months.
General information
Firm type
Single Family Office
Year founded
2009
Location
Region
North America
Country
United States
City
Woodside
Corporate office
Cincinnati, OH, United States
Principals
Nick Ragland
Co-CEO
Dan Phelps
Founder and Managing Partner
Dan Mytels
Founding Member and Managing Partner
Jake Ragland
Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Salt Creek Capital?
Nick Ragland serves as Co-CEO alongside founders Dan Phelps and Dan Mytels. Investment decisions incorporate input from the Executive Partner Program.
How does Salt Creek Capital source proprietary deal flow?
The firm relies on relationships with business owners seeking succession or transition. It also draws on the Ragland family's operating network from The Gorilla Glue Company.
Does Salt Creek Capital participate in fund commitments or only direct deals?
The firm pursues direct ownership of lower middle-market companies. It does not commit to external funds.
What investment stages does Salt Creek Capital typically target?
The firm focuses on buyouts, management buyouts, and recapitalizations of established companies with positive cash flow.
Where does the underlying wealth come from?
The platform originated from the Ragland family's acquisition of The Gorilla Glue Company.
Does Salt Creek Capital maintain philanthropic structures?
The Ragland Family Foundation and GreenLight Fund Cincinnati receive support. Multiple family members serve on boards of the Cincinnati Art Museum and local schools.
What is Salt Creek Capital's known posture on co-investments alongside external GPs?
The firm has co-invested with Huron Capital on at least one transaction. It maintains flexibility to partner with other sponsors when operational fit exists.
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