Marietta, GA - Platte River Equity is pleased to announce its portfolio company Belt Power, LLC (“Belt Power” or the “Company”), a leading full-service distributor and fabricator of belting and components for lightweight conveyor systems, has acquired Blankenship Belting, a division of Blankenship Equipment Repair. As a fabricator and distributor, Blankenship Belting delivers a wide variety of lightweight belting products and services to customers throughout the Pacific Northwest and serves a broad array of customer verticals, including paper & packaging, food processing, material handling and general industrial markets. The combination of Belt Power and Blankenship Belting provides a platform to deliver value-added solutions to customers across the Pacific Northwest and leverages Belt Power’s expanding footprint, fabrication capabilities and technical sales organization.
“Joining forces with the Blankenship Belting team brings together two great companies with rich traditions and strong cultures that are focused on taking care of our employees and delivering world class service to customers. Our companies share similar business approaches with minimal customer overlap, which we believe will enable us to accelerate the expansion of our national growth strategy during a very exciting time in our industry,” said Belt Power CEO, Don Heitmeier.
“We are excited about the next chapter of our rich legacy, providing our team with expanded opportunities and the ability to increase our capabilities to service our customers by joining forces with Belt Power,” said Loretta Thompson, Managing Director of Blankenship Equipment Repair.
“Platte River Equity welcomes the Blankenship Belting team members to the Belt Power organization. We are enthusiastic about the opportunity to expand Belt Power’s footprint and end market coverage,” said Mark Brown, Platte River Equity Managing Director.