Transaction Summary
Salt Capital Partners Limited (Salt Capital), through its flagship fund, Salt Equity I Fund (SEQI), has made a strategic equity investment in Pirtek Africa (Pty) Ltd (Pirtek Africa), a leading distributor of hydraulic and industrial fluid transfer solutions. The company provides and maintains hoses and fittings that transport liquids in various industries, including agriculture, mining, and construction. Established in 1999, Pirtek Africa operates as the exclusive Africa franchisee of Pirtek Fluid Systems Pty Ltd (Pirtek), a global leader in fluid transfer solutions founded in Australia in 1980. Pirtek Africa operates a franchise model, allowing local entrepreneurs to own and manage service centres under the Pirtek brand. It manages over 20 branches and 65 service vehicles in South Africa and seven other African countries. This investment will deepen Pirtek Africa’s presence in existing markets and accelerate its expansion into new regions. While the investment amount is undisclosed, Salt Capital typically invests
