Platte River Equity announced today that it acquired all of the outstanding stock of Car-Ber Testing Services (“Car-Ber” or the “Company”), in partnership with the founders of the Company. Headquartered in Sarnia, Ontario, Canada, Car-Ber is a leading provider of technical support and maintenance services to the petrochemical industry.
“We are excited about this transaction and the opportunity it will afford our company to achieve its full potential,” said Glenn Carson, President of Car-Ber. “Platte River Equity will be a valuable partner for Car-Ber, and we are looking forward to working together toward building a great company.”
Peter Calamari, Managing Director of Platte River Equity said, “We are pleased with our new partnership with the management team of Car-Ber. The Company has industry-leading products and field technicians, as well as a commitment to increasing customer safety and efficiency, all of which made this an attractive investment for Platte River Equity.”
About Platte River Equity
Based in Denver, Colorado, Platte River Equity is a private equity firm focused on investing in small and middle market operating companies with enterprise values between $10 million and $200 million. The firm seeks investments where it can leverage its principals’ operating expertise to help its management partners’ develop significantly larger enterprises through a combination of internal growth and complementary add-on acquisitions. The firm focuses on investing in the industrial and energy services, aerospace, rail, metals, chemicals, agriculture and industrial minerals sectors. Platte River Equity currently manages funds with committed capital in excess of $300 million.