PTi’s founders complete management buyoutPTi’s founders complete management buyout

Crystal Ridge Partners originally purchased a controlling stake in PTi in August 2005. PTi said in a release that the new ownership structure will have no impact on day-to-day operations, nor will it result in any changes in the company's management team.

Hanson said the re-purchase was successfully completed without any debt leveraging by PTi. In terms of future expansion, PTi noted that it is examining several strategic acquisition targets. PTi was founded in 1988 and produces and services single-screw extrusion equipment for a variety of end-use markets including packaging, construction, automotive, lawn and garden, office products, signage and displays, and appliances.

Crystal Ridge Partners' remaining investments include truck cover manufacturer A.R.E. Accessories, rig replacement part supplier Bronco Manufacturing, and Plus One, a manager of corporate fitness programs.