Denver, CO – Platte River Equity (“Platte River”), a Denver-based private equity firm that makes control investments in North American industrial companies, announced today that it has acquired Building Controls & Solutions (“BCS” or the “Company”) from LKCM Headwater Investments. BCS is a value-added distributor of building automation solutions, offering a comprehensive range of products and services designed to optimize building performance, enhance energy efficiency and improve occupant comfort.
Mark Brown, Managing Director of Platte River, said, “BCS is a great example of Platte River’s continued strategy of partnering with niche, market leaders within its target sectors. We look forward to leveraging our experience within industrial distribution to continue to build upon the impressive platform Eric, Christopher and the team have established.” Tarun Kanthety, Vice President of Platte River, added, “BCS has been a company we've held in high regard, and we’re eager to support its next phase of growth. With the sector’s attractive trends and the Company’s strong positioning, we’re enthusiastic about the future ahead.”
“We are excited for the next big chapter with Platte River,” said Eric Chernik, CEO of BCS. “BCS is committed to delivering the highest value to our customers through our people, technologies and product and service offerings, and we are confident that our partnership with Platte River will bring additional resources to support our future growth across North America.”
Bartlit Beck LLP served as legal counsel, and Intrepid Investment Bankers served as financial advisor to Platte River.
