Location
Greenwood, IN
Industry
Industrials
Investment Status
Realized
Investment Date
Sep 2008
Realized Date
Apr 2013
Sold to
Global Power Equipment Group Inc.
Headquartered in Greenwood, IN, Hetsco is an independent provider of repair and maintenance services for brazed aluminum plate-fin heat exchangers used in industrial gas, liquefied natural gas and chemical facilities. In addition to exchanger repair services, Hetsco offers specialty construction and fabrication services for the industrial gas industry and a complete line of confined space safety services.
"The financial, strategic and operational support provided to Hetsco over the five years of Platte River’s ownership has been invaluable. We accomplished all we had set out to do, and Platte River was a critical partner in our success.”
Testimonials and endorsements reflect Platte River's and portfolio company management's opinions and beliefs regarding the company and the investment. Such opinions and beliefs are subjective, do not represent a complete assessment of the company, the market or Platte River's overall investment performance and cannot be independently verified. Such statements are being offered as references for purposes of demonstrating the benefits of working with the Platte River team and not for the purpose of soliciting investors. Portfolio company executives receive/received a salary and economics from the portfolio company. No executives were paid for their testimonial or endorsement. There is a conflict of interest in these unpaid testimonials and endorsements in that all speakers stand to benefit from Platte River’s success, and they work/worked for a Platte River portfolio company.
