Denver, CO - Platte River Equity (“Platte River”), a Denver-based private equity firm, is pleased to announce the sale of Spartaco Tool Group (“Spartaco”) to an affiliate of CenterGate Capital (“CenterGate”). Spartaco is a provider of professional-grade tools for linemen and technicians across utility, telecommunications and infrastructure applications.
“Over our holding period, Spartaco underwent a meaningful transformation by expanding its product portfolio and building a platform that is well-positioned for its next chapter,” said Mike Reilly, Principal of Platte River. “We are grateful to the members of the Spartaco team for their partnership and dedication every step of the way,” added Peter Calamari, Managing Director of Platte River.
Nick Skrobot, CEO of Spartaco, said, “We have had a great partnership with Platte River. Its support, strategic guidance and deep sector expertise were instrumental in helping us achieve what we set out to build. We are excited to partner with CenterGate for our next phase of growth.”
Bartlit Beck LLP served as legal counsel, and Lincoln International served as financial advisor to Platte River.
