Belt Power Is Acquired by Platte River Equity

Industrial

Belt Power, a portfolio company of Shorehill Capital, acquisition by Platte River Equity


Summary

Belt Power, a portfolio company of Shorehill Capital, was acquired by Platte River Equity in a transaction that closed in August 2022. Terms of the transaction were not disclosed.

Baird served as financial advisor to Belt Power on this transaction.

About

Belt Power is the largest independent lightweight conveyor belting and automation solutions platform, distributing and fabricating a wide range of products for end users, OEMs and integrators. From its twelve locations nationwide, the business supports the high-touch needs of customers with significant lightweight belting industry knowledge, a broad product line, customized fabrication capabilities and 24/7 installation and repair services. Belt Power’s end users span an array of end markets, including food & beverage processing, material handling, paper/corrugated and pharmaceuticals, among others. Belt Power is headquartered in Marietta, Georgia.

Shorehill Capital is a private equity firm with a passion for creating superior companies. Shorehill Capital is focused on making control equity investments in North American engineered industrial products, industrial services and value-added distribution companies with EBITDA between $3 - $15 million and add-ons of any size. Shorehill Capital seeks opportunities with differentiated business models where their experience, network and investment management approach can have a significant impact on the performance of the business. For nearly 30 years, Shorehill Capital’s partners have worked with middle market business leaders to accelerate growth and improve operational performance through structured investment management plans. Shorehill Capital is headquartered in Chicago, Illinois.

Platte River Equity utilizes conservative capital structures in order to invest in future growth opportunities and withstand changing economic environments. Platte River Equity also provides significant on-going support to its portfolio companies through dedicated resources across functional areas. Platte River Equity invests in established lower middle market companies operating with $7 - $30 million in EBITDA and enterprise values of up to $250 million. Platte River Equity focuses on target sectors where it has substantial operating and investing experience, including aerospace & defense, industrials and agriculture & chemicals. Platte River Equity is headquartered in Denver, Colorado.
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Industrial

Belt Power, a portfolio company of Shorehill Capital, acquisition by Platte River Equity

Date
August 2022
Company
Belt Power
Transaction
M&A - Sellside
Sectors
Industrial
Verticals
Distribution
Highly Engineered Components
Machinery & Equipment
Test, Measurement & Automation
Target Location
North America
Acquiror Location
North America

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