Platte River Equity (“Platte River”) is pleased to announce the acquisition of Belt Power, LLC (“Belt Power” or the “Company”) 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.”

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

About Belt Power

Headquartered in Marietta, GA, with 12 facilities strategically located across the U.S., Belt Power is the industry’s largest, independent distributor and fabricator of conveyor system components, including conveyor belts, equipment, accessories, rubber hose and gasket products. The Company sells into a diverse set of end markets, with a focus on the food, packaging, industrial and material handling segments.  Belt Power supports the high-touch needs of its customers and serves as a value-added partner by offering rapid 24/7 on-site installation, maintenance and repair services to maximize uptime and productivity for mission critical automation applications.  

Contacts

Brian P. Klaban

Director of Business Development & Debt Capital Markets

bklaban@platteriverequity.com

303-292-7317

Lauren A. Metz

Vice President of Business Development

lmetz@platteriverequity.com

303-292-7321

arr-left

Read Previous

Back to all