Marietta, GA - Platte River Equity ("Platte River") is pleased to announce its portfolio company Belt Power, LLC ("Belt Power" or the "Company"), a full-service distributor and fabricator of belting and components for lightweight conveyor systems, has acquired Avtech Industrial Products ("Avtech"). Founded in 2000 and based in Phoenix, AZ, Avtech is a distributor of conveyor belts, motors, drives, hose & fittings, gearboxes, and other industrial products, and also offers installation, fabrication, and repair services. The combination of Belt Power and Avtech provides a platform to deliver value-added solutions to customers across the Phoenix market and leverages Belt Power's expanding footprint, fabrication capabilities and technical sales organization.
“We are excited to join forces with Pat, Kevin and the Avtech team to expand our service offering in the Southwest. We look forward to complementing their capabilities and increasing our value proposition to customers across the Southwest territory," said Belt Power CEO, Don Heitmeier.
"We are thrilled to announce our partnership with Belt Power," said Pat Markey, President of Avtech. "With the addition of Belt Power's extensive support and engineered services, we are now better equipped than ever to meet the needs of our customers."
“Platte River Equity welcomes the Avtech team members to the Belt Power organization," said Lauren Metz, Platte River Vice President of Business Development. "Phoenix is a market we have identified as having strong demand for existing Belt Power services. Avtech's reputation and complementary product and service offerings further scale and bolster Belt Power's leadership position in the broader industrial automation end markets."
