Denver, CO - Platte River Equity (“Platte River”), a Denver-based private equity firm that makes control investments in North American industrial and value-added distribution companies, is excited to announce it has acquired Womack Machine Supply Company (“Womack” or the “Company”). Womack is a value-added industrial distributor of components and solutions for hydraulic, pneumatic and automation control systems.
“Platte River is honored to carry on the legacy that the Rowlett family has established over the past 17 years,” said Mark Brown, Platte River Managing Director. “Womack is a premier solution provider representing global manufacturers and related components used in the fluid power and automation industry. We are thrilled to partner with the management team of Womack as we seek to expand the company’s strong market position.”
“We have known the Platte River team for a number of years and are excited to partner with them given their track record, industrial distribution expertise and culture,” said Matt Oldroyd, CEO of Womack. “We look forward to expanding the service and support we provide to our suppliers and customers and plan to leverage Platte River’s extensive experience to continue our strong growth trajectory. We could not be more excited about this partnership and the alignment of our strong cultures.”
“We look forward to partnering with Matt and the management team to capitalize on Womack’s attractive growth opportunities, including organic initiatives and complementary acquisitions,” added Mike Reilly, Vice President of Platte River.
William Blair acted as financial advisor, and Nelson Mullins provided legal counsel to Womack. Bartlit Beck LLP served as legal counsel to Platte River.
