Granite Creek

Granite Creek Capital Partners Announces Investment in Sayres to Support its Acquisition of Global Systems Technologies, Inc.

Retrieved on: 
Monday, March 25, 2024
Government, GST, Transport, Science, Partnership, JPMorgan Chase, Acquisition, TSA, JRAD, Engineering, Granite Creek

CHICAGO, March 25, 2024 (GLOBE NEWSWIRE) -- Granite Creek Capital Partners, L.L.C., a private investment firm based in Chicago, today announced a debt and equity investment in Sayres Defense (Sayres), a provider of defense support, engineering, and technical assistance services to U.S. government agencies worldwide, in support of its acquisition of Global Systems Technologies, Inc. (GST).

Key Points: 
  • CHICAGO, March 25, 2024 (GLOBE NEWSWIRE) -- Granite Creek Capital Partners, L.L.C., a private investment firm based in Chicago, today announced a debt and equity investment in Sayres Defense (Sayres), a provider of defense support, engineering, and technical assistance services to U.S. government agencies worldwide, in support of its acquisition of Global Systems Technologies, Inc. (GST).
  • In June 2023, Sayres acquired Joint Research and Development (JRAD), a provider of test and evaluation, acquisition analysis, and science and technology support services.
  • The acquisition of GST broadens JRAD’s existing systems engineering and technical assistance capabilities and customer base.
  • “This acquisition marks an exciting new chapter for Sayres,” said Brad Batten, Managing Partner at Broadtree.

i-80 Gold Reports Q4 and Full Year 2023 Operating Results

Retrieved on: 
Tuesday, March 12, 2024
YTD, Webcast, Ruby, CRD, Gold, Sale, Cove, RC, Engineering, FS, Granite Creek, Palladium

Production and sales totaled 3,350 gold ounces for the quarter and 14,613 gold ounces year to date (YTD) at a realized gold price of $1,996 and $1,940 per ounce sold1, respectively.

Key Points: 
  • Production and sales totaled 3,350 gold ounces for the quarter and 14,613 gold ounces year to date (YTD) at a realized gold price of $1,996 and $1,940 per ounce sold1, respectively.
  • Additionally, mineralized material sales totaled 61,223 tons for the quarter and 83,933 tons YTD for proceeds of $19.0 million and $26.3 million, respectively.
  • Exploration, evaluation, and pre-development costs were $8.8 million for the quarter and $38.9 million YTD.
  • Highlight 2023 results from drilling at McCoy-Cove include:
    Underground delineation drilling continued during Q4 with 13,102 feet of core drilled yielding positive results including:
    During the quarter drilling at Ruby Hill was focused on advancing exploration and delineation of multiple CRD mineralized discoveries.

Bengur Bryan Provides Acquisition and Due Diligence Support to Salem One on its Acquisition of iTek Graphics

Retrieved on: 
Tuesday, February 13, 2024
Acquisition, Investment, Marketing, Entrepreneurship, Organization, Printing, Granite Creek, Financial services

Bengur Bryan provided financial advisory services to Salem One, a leading provider of print-based corporate communication solutions, on its acquisition of iTek Graphics, a prominent printing and graphics company based in Charlotte, NC.

Key Points: 
  • Bengur Bryan provided financial advisory services to Salem One, a leading provider of print-based corporate communication solutions, on its acquisition of iTek Graphics, a prominent printing and graphics company based in Charlotte, NC.
  • Adding to Salem One's reach and capabilities, iTek Graphics further solidifies the company as a regional and national leader in complete corporate communications solutions.
  • The acquisition of iTek Graphics by Salem One was funded by investments from Granite Creek's FlexCap III fund along with a co-investment from Patriot Capital.
  • Salem One's acquisition of iTek Graphics strategically combines two outstanding management teams while simultaneously strengthening both companies' ability to deliver exceptional solutions to clients."

i-80 Provides 2023 Summary & 2024 Plans - Highlighting Numerous Achievements & Catalysts

Retrieved on: 
Tuesday, January 9, 2024
Otto, PB, Granite Creek, CRD, Nevada Gold Mines, GOLD, See, NGM, Partnership, Mining, History, Archimedes, FAD, ZN, Completeness, Gold, TSX, SPZ, Rare-earth element

Numerous programs continue to be advanced to reach the Company's goal of building one of the largest precious metals producing companies in the United States.

Key Points: 
  • Numerous programs continue to be advanced to reach the Company's goal of building one of the largest precious metals producing companies in the United States.
  • Ruby Hill is expected to become the Company's flagship project with ongoing plans to develop both gold and poly-metallic base metal deposits on the Property.
  • Drilling of the FAD deposit that is located approximately two kilometres to the south of Ruby Hill was also completed in 2023.
  • Multiple results remain pending from the 2023 program and additional definition and expansion drilling is planned in 2024.

DBW Holdings Announces Acquisition of Peak Toolworks: Expands its Leading Diamond Tool Cutting Product Line

Retrieved on: 
Wednesday, December 13, 2023
Diamond, Partnership, Acquisition, Granite Creek, DBW, Farrells, Growth, Illinois Tool Works, ITW, Satellite navigation device

CHICAGO and VERNON HILLS, Ill., Dec. 13, 2023 (GLOBE NEWSWIRE) -- DBW Holdings, L.L.C., (“DBW Holdings”) parent company of Diamond Blade Warehouse , today announced the acquisition of Peak Toolworks (“Peak”), the premier manufacturer and servicer of diamond and carbide precision cutting tools.

Key Points: 
  • CHICAGO and VERNON HILLS, Ill., Dec. 13, 2023 (GLOBE NEWSWIRE) -- DBW Holdings, L.L.C., (“DBW Holdings”) parent company of Diamond Blade Warehouse , today announced the acquisition of Peak Toolworks (“Peak”), the premier manufacturer and servicer of diamond and carbide precision cutting tools.
  • The acquisition expands DBW Holdings’ ability to provide industry-leading products to customers in attractive end-markets, including infrastructure, construction trades, building products, automotive, and manufacturing.
  • In conjunction with the acquisition, W. James Farrell will continue as the Chairman of DBW Holdings, and James M. Farrell will lead the consolidated day-to-day operations as CEO.
  • The signature operating approach of ITW is the 80/20 process, and this is a core tenet of the Farrells’ leadership of DBW Holdings.

Granite Creek Capital Partners Announces Acquisition of NYP Corp.

Retrieved on: 
Tuesday, November 14, 2023
Acquisition, NYP, Growth, Knowledge, Management, Granite Creek, L.L.C

CHICAGO and ELIZABETH, N.J., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Granite Creek Capital Partners , L.L.C., a private investment firm based in Chicago, today announced its acquisition of NYP, LLC, d/b/a NYP Corp. (“NYP” or the “Company”), a New Jersey-based value-added packaging manufacturer and distributor focused on the wholesale nursery, agricultural, and industrial markets.

Key Points: 
  • CHICAGO and ELIZABETH, N.J., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Granite Creek Capital Partners , L.L.C., a private investment firm based in Chicago, today announced its acquisition of NYP, LLC, d/b/a NYP Corp. (“NYP” or the “Company”), a New Jersey-based value-added packaging manufacturer and distributor focused on the wholesale nursery, agricultural, and industrial markets.
  • Since its humble beginnings in burlap packaging in 1946, NYP has grown and thrived under multiple generations of family management.
  • “NYP is deeply committed to its customers, employees, and other partners,” said Dahl.
  • In conjunction with Granite Creek’s investment in NYP, Granite Creek Partner Jim Clark and Director Andrew Kearney have joined NYP’s board of directors.

i-80 Gold Releases High-Grade Results from Underground Drilling at Granite Creek

Retrieved on: 
Thursday, December 14, 2023
Classification, Twin Creeks gold mine, Wismut (company), NYSE, GOLD, Mining, See, Nevada Gold Mines, Granite Creek, SPZ, TSX, Rare-earth element, Uranium mining, RENO

Prior to hole GCPU23-19, underground drilling was completed in the current areas being mined in the Ogee Zone and subsequent drilling is focused on the SPZ.

Key Points: 
  • Prior to hole GCPU23-19, underground drilling was completed in the current areas being mined in the Ogee Zone and subsequent drilling is focused on the SPZ.
  • The initial results include some of the best results received to-date in the South Pacific Zone.
  • Highlight results from new underground drilling in the South Pacific Zone at Granite Creek include:
    "Both surface and underground drilling in the South Pacific Zone confirm impressive high-grade gold mineralization, including over substantial widths.
  • The Granite Creek deposit remains open at depth and along strike.

Granite Creek Capital Partners Closes Oversubscribed Fund III at $300 Million

Retrieved on: 
Tuesday, November 7, 2023
Odyssey, Partner, Granite, Partner (business rank), Transport, Entrepreneurship, Growth, L.L.C, Collection, Pinstripes, Bank, Cryptocurrency, Granite Creek

, a private investment firm based in Chicago, today announced the oversubscribed closing of its third investment fund, Granite Creek FlexCap III, L.P. (the “Fund” or “Fund III”), a $300 million fund focused on providing flexible capital to growing lower middle market companies.

Key Points: 
  • , a private investment firm based in Chicago, today announced the oversubscribed closing of its third investment fund, Granite Creek FlexCap III, L.P. (the “Fund” or “Fund III”), a $300 million fund focused on providing flexible capital to growing lower middle market companies.
  • Granite Creek began fundraising for the FlexCap III fund in 2022 with an initial target of $250 million in total commitments.
  • With the close of Fund III, our team is well prepared to execute on our healthy pipeline of opportunities.”
    Granite Creek Capital Partners closed its previous $200 million FlexCap II fund in 2019.
  • With the close of FlexCap III Fund, Granite Creek has over $700 million of assets under management across its strategies.

i-80 Gold Reports Q3 2023 Operating Results

Retrieved on: 
Wednesday, November 1, 2023
Gold, Helen, RC, Granite Creek, Mining, Ruby, FS, Engineering, Gap, Webcast, NGM, Twin Creeks gold mine, CRD, Lone Tree, YTD, Cove, Palladium, Uranium mining, Nightclub

Exploration, evaluation, and pre-development costs were $10.0 million and $30.1 million for the three and nine months ended September 30, 2023.

Key Points: 
  • Exploration, evaluation, and pre-development costs were $10.0 million and $30.1 million for the three and nine months ended September 30, 2023.
  • Lone Tree is expected to become the hub of i-80's Nevada operations and the central processing facility for gold mineralization from the Granite Creek, McCoy-Cove and Ruby Hill underground gold deposits.
  • Lone Tree produced and sold from its residual leaching activities 1,775 ounces of gold during the quarter and 5,138 ounces of gold YTD at a realized gold price of $1,925 and $1,961 per ounce sold1, respectively.
  • The Company will hold a conference call and webcast on November 2, 2023, commencing at 10:00 am ET to discuss its third quarter results and answer questions from participants.

i-80 Gold Provides Granite Creek Development and Exploration Update

Retrieved on: 
Wednesday, October 11, 2023
Mining, Gold, NYSE, TSX, SPZ, GOLD, Twin Creeks gold mine, Rosario Mining Company, Rare-earth element, Ogee, Granite Creek

Mining is focused on the extraction of high-grade gold mineralization in the Ogee Zone while development progresses towards the South Pacific Zone ("SPZ").

Key Points: 
  • Mining is focused on the extraction of high-grade gold mineralization in the Ogee Zone while development progresses towards the South Pacific Zone ("SPZ").
  • The SPZ is host to high-grade gold mineralization located immediately north of the underground mine workings and is expected to become the mine's main horizon beginning in 2024.
  • August 2023 was a record month for Granite Creek in terms of mill feed production.
  • 2023 Drill Results from Granite Creek, estimated true widths 60-90%