BELT POWER HAS BEEN ACQUIRED BY PLATTE RIVER EQUITY
Prestwick is pleased announce the sale of Belt Power to Platte River Equity. Prestwick co-advised Belt Power and its private equity sponsor, Shorehill Capital. The terms of the transaction were not disclosed.
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 twelve 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.
Platte River Equity 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 conservative capital structures in order to invest in future growth opportunities and withstand changing economic environments.