Deal Details
Belt Power Acquires Sparks
Summary
Belt Power, LLC (“Belt Power” or the “Company”), a portfolio company of Platte River Equity (“Platte River”), has acquired the U.S. assets of Sparks Belting Company, Inc. (“Sparks”). Terms of the transaction were not disclosed.
Baird served as exclusive financial advisor to Platte River on this transaction.
About
Belt Power is the industry’s largest distributor and fabricator of conveyor system components, including conveyor belts, equipment, accessories, rubber hose and gasket products. The Company sells to a diverse set of end markets with a focus on the food, packaging, industrial and material handling segments. Belt Power supports the high touch needs of its customers and acts as a value-added partner by offering rapid 24/7 on-site installation, maintenance and repair services to maximize uptime and productivity for mission critical automation applications. Belt Power has 25+ facilities strategically located across the U.S. and is headquartered in Marietta, Georgia.Platte River is a private equity firm focused on investments in established lower middle market operating companies within targeted industrial sectors where it has substantial operating and investing experience. Platte River utilizes prudent capital structures in order to invest in future growth opportunities and withstand changing economic environments. The firm also provides significant ongoing support to its portfolio companies through dedicated resources across functional areas. Platte River was founded in 2006 and is headquartered in Denver, Colorado.
Sparks is a distributor and fabricator of process conveyor belting systems, conveyor accessories and power transmission products, serving logistics & distribution, food, consumer and other industrial end markets. Sparks was founded in 1946 and is headquartered in Grand Rapids, Michigan.
- Date
- January 2025
- Company
- Belt Power, LLC
- Transaction
- M&A - Buyside
- Sectors
- Industrial
- Verticals
-
Test, Measurement & Automation
Industrial Equipment
- Target Geography
- North America
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