News

Platte River Equity Adds Two Investment Professionals

September 5th, 2015

Platte River Equity (“Platte River”) today announced the addition of two investment professionals.  Eric Crawford joined the firm as a Vice President, and TJ Stone joined as an Associate. Mr. Crawford is returning to Platte River where he served as an Associate for three years prior to pursuing his MBA.  As a Vice President, he …

Platte River Equity Completes Follow-On Investment in First River Energy

July 30th, 2015

Platte River Equity (“Platte River”) today announced its follow-on investment in First River Energy, LLC (“First River”) to facilitate the acquisition of Texas Gathering, LLC and related assets (collectively, “Texas Gathering” or the “Company”).  The transaction represents the first acquisition by First River since Platte River’s initial investment in July 2014. Founded in 2002, Texas …

Platte River Equity Acquires Profile Products LLC

May 26th, 2015

Platte River Equity (“Platte River”) announced today that it has acquired Profile Products LLC (“Profile Products” or the “Company”) in partnership with the existing management team. Headquartered in Buffalo Grove, Illinois, Profile Products develops, manufactures and markets innovative products and complementary solutions designed to minimize soil loss and accelerate seed germination for private and civil …

Platte River Equity Partners with Midstream Energy Executives to Launch First River Energy

August 13th, 2014

Platte River Equity (“Platte River”) today announced that it has established a partnership with leading midstream energy industry executives, Johan Thematt, Jim Imbler and Chris Philpott, to form First River Energy, LLC (“First River”). Headquartered in Denver, Colorado, First River’s objective is to acquire and develop midstream assets for the gathering of crude oil, condensates, …

Platte River Equity Announces the Sale of The WellMark Company to Dover

July 30th, 2014

Platte River Equity (“Platte River”) today announced the sale of its portfolio company, The WellMark Company (“WellMark”), to Dover Corporation (NYSE: DOV) (“Dover”). Founded in 1981 and headquartered in Oklahoma City, Oklahoma, WellMark is a leading manufacturer of flow control solutions for systems used in the oil and gas and petrochemical industries. CEO of WellMark …

Platte River Equity Announces the Sale of Global X-Ray & Testing Corporation to Intertek

October 3rd, 2013

Platte River Equity (“Platte River”) today announced the sale of its portfolio company, Global X-Ray & Testing Corporation (“Global X-Ray”), to Intertek Group plc (LSE: ITRK) (“Intertek”). Headquartered in Morgan City, Louisiana, Global X-Ray is a leading provider of non-destructive testing and mechanical integrity services to the offshore oil and gas and midstream industries. Chris …

Platte River Equity Acquires Majority Stake in Wildcat Minerals LLC

September 30th, 2013

Platte River Equity (“Platte River”) announced today that it has acquired a controlling stake in Wildcat Minerals LLC (“Wildcat” or the “Company”). Founded in 2007 as an oilfield consumables distributor, Wildcat has evolved to become the leading independent material handling solutions provider to proppant (sand) producers, providing everything from procurement, to inventory management and transloading. …

Kristian Whalen Joins Platte River Equity as a Managing Director

September 12th, 2013

Platte River Equity (“Platte River”) today announced that Kris Whalen has joined the Denver-based lower middle-market private equity firm as Managing Director. Mr. Whalen comes to Platte River following the raising of its $405 million third fund, which closed in late 2012. Mr. Whalen brings 15 years of experience as a private equity investor in …

Platte River Equity Announces the Sale of Hetsco, Inc.

May 1st, 2013

Platte River Equity (“Platte River”) today announced the sale of its portfolio company, Hetsco, Inc. (“Hetsco”) to Global Power Equipment Group Inc. (Nasdaq: GLPW) (“Global Power”). Headquartered in Greenwood, Indiana and founded in 1981, Hetsco is the leading provider of emergency and planned repairs for brazed aluminum heat exchangers, the critical process equipment used in …

Platte River Equity Closes Platte River Equity III, L.P. at Hard Cap of $405 Million

December 5th, 2012

The Denver-based private equity firm maintains focus on lower middle market investment strategy for its third fund, exceeding the $350 million target in under six months. Platte River Equity (“Platte River”) announced today the successful closing of its third private equity investment fund, Platte River Equity III, L.P. (“Fund III”). Platte River launched fundraising in …