July 18, 2024

Platte River Equity acquires Belt Power, LLC

Facebook
Twitter
LinkedIn
Mark Brown, Platte River Managing Director.

US based Platte River Equity is pleased to announce the acquisition of US headquartered Belt Power, LLC from Shorehill Capital. Belt Power is a full-service, value-added distributor and fabricator of conveyor system components, including conveyor belts, equipment and accessories.

“As the largest independent distributor, Belt Power has the industry knowledge, product line, customized fabrication capabilities and 24/7 installation services that differentiates itself from its peers,” said Mark Brown, Platte River Managing Director. “Platte River was attracted to the opportunity to further scale Belt Power’s national presence and is excited to partner with the management team to grow the Company’s leadership position in the broader industrial automation end markets.”

Don Heitmeier, CEO of Belt Power, said, “We look forward to partnering with Platte River and will benefit from the firm’s significant experience with industrial distribution businesses. We are excited about continuing to grow our geographic presence and to expand our product offering and breadth and depth of services. We are confident Platte River is the right partner to build upon our history as the leading distributor of conveying solutions.”

As per the source, Platte River invested out of its fourth fund, Platte River Equity IV, L.P. Bartlit Beck LLP served as legal counsel to Platte River.

Source

Share.

RELATED POSTS

Carl Bass, Non-Executive Director at AVEVA.
AVEVA announces two new appointments
Masdar signs agreements for 1GW wind and potential green hydrogen plant in Jordan
Masdar partners with Jordanian Ministry of Energy and Mineral Resources
Al-Futtaim Engineering & Technologies partners with UL Solutions
Al-Futtaim Engineering & Technologies partners with UL Solutions
  • logo banner warba
  • Mutual Trust Bank Plc
  • Ahli United Bank

LATEST POSTS

The business landscape is going through continuous change, which means that there are constantly new challenges arising in HR. This blog entails on few of the major challenges arising in 2024
Representational Image
ACCA announces the addition of new Emirati members to its Members’ Advisory Committee with a government-led goal of achieving a 10% increase in Emiratisation of the skilled workforce by 2026
CyberKnight announces VAD partnership with Forescout for META. CyberKnight to offer complete asset intelligence and control across IT, OT, and IoT to Forescout.