Granite Creek invests in Climalock and names Mitch Poindexter CEO

Chicago-based Granite Creek Capital Partners said it has invested in Climalock, a provider of insulation panel systems for aboveground storage tanks serving agricultural, data center, fire protection and other industrial markets. Granite Creek said the investment fits its agribusiness strategy, which targets businesses that improve productivity and efficiency and strengthen rural communities.

As part of the investment, Granite Creek appointed Mitch Poindexter as chief executive. Poindexter has more than 25 years of C-suite experience and most recently served as senior vice president of power and grid development at CAM Integrated Solutions. Pete Pacelli, managing director at Granite Creek, said Climalock has built a strong reputation in a large and growing tank insulation market.

Climalock is headquartered in Warsaw, Missouri, and serves customers across the United States and Canada. Poindexter said the company plans to invest in people and processes to accelerate growth while keeping its focus on customer service.