ACCURATE INDUSTRIAL HAS BEEN ACQUIRED BY BELT POWER, A PORTFOLIO COMPANY OF SHOREHILL CAPITAL

Prestwick is pleased announce the sale of Accurate Industrial Products (AIP) to Belt Power, a portfolio company of Shorehill Capital.  Prestwick acted as the exclusive advisor to AIP and its shareholders.  The terms of the transaction were not disclosed.

AIP (www.accurateindustrial.com) is a St. Louis, Missouri-based value-added fabricator and distributor of lightweight conveyor belting and related conveyor components and accessories. AIP provides a wide variety of lightweight belting products and services to customers across the country from its locations in the St. Louis, Missouri and Columbus, Ohio markets.  AIP serves 200+ customers in a broad array of industries, including food processing, auto/tire manufacturing, consumer packaged goods, building products, and general industrial markets.

Belt Power (www.beltpower.com) is a Marietta, Georgia-based full-service distributor and fabricator of conveyor system components, including conveyor belts, equipment, accessories and rubber, hose and gasket products.  Through ten locations throughout the US, Belt Power serves the conveyor maintenance, replacement and overhaul needs of over 3,000 current customers with a focus on food processing, packaging, material handling and light-industrial markets.

Shorehill Capital (www.shorehillcapital.com) is a Chicago-based private equity firm focused on making control equity investments in North American engineered industrial products, industrial services, and value-added distribution companies.