Denver, CO – Platte River Equity (“Platte River”) announced today that it has invested in Dealers Transmission Exchange (“DTE” or the “Company”) in partnership with the existing owners of the Company. Founded in 1975 and headquartered in Roselle, IL, DTE is a provider of powertrain and transmission repair and maintenance services to customers in the energy, industrial and mining industries.
“With four decades of technical expertise, a national footprint and proprietary technologies, DTE holds a unique position in the off-highway transmission and powertrain repair industry,” said Platte River Managing Director Mark Brown. “We are excited for the opportunity to partner with the management team of DTE to grow the Company’s repair capabilities and service offering.”
David Horvath, CEO of DTE, said, “We look forward to partnering with Platte River and will benefit from the firm’s significant experience with businesses serving the oil field and mining end markets. We are especially excited to continue to grow our team of technicians to keep up with demand for our services, enter new geographies and expand the services we offer to both current and new customers.”