Platte River Equity Acquires Womack Machine Supply Company

Platte River Equity Portfolio Company Womack Acquires Morrell Group

June 7, 2023

Industrial Services

Platte River Equity-backed Womack Machine Supply Company has combined with Morrell Group, bringing the value-added distributors together to create one of the largest automation and fluid power distributors in the U.S. The transaction expands the combined company's national footprint to cover 27 states and creates a combined team of over 400 employees, strengthening capabilities in automation, motion control and systems integration.

Platte River Equity Invests in GME Supply Co

December 4, 2019

Industrial Services

Platte River Equity has made a significant investment in GME Supply Co, a Columbia, Missouri–based distributor of fall protection, safety equipment and related gear for at‑height workers, in partnership with founder and CEO Beau Aero. Platte River invested from its fourth fund to support GME's continued growth across telecommunications, wind, solar, industrial and construction end markets; BMO Capital Markets provided financing for the transaction.

Platte River Equity Acquires Majority Stake in Turf Care Supply

January 1, 2022

Agriculture

Platte River Equity has made a majority investment in Turf Care Supply, LLC, partnering with the company's management team which rolled a significant equity stake. Turf Care, headquartered in Brunswick, Ohio, is a formulator and blender of coated nitrogen and other fertilizer products (including the Allied Nutrients division) and will work with Platte River to pursue organic growth and acquisition opportunities.

Wisconsin River Partners Acquires Lemke Industrial Machine

October 9, 2020

Manufacturing

Wausau-based private investment firm Wisconsin River Partners has acquired Lemke Industrial Machine, a Marathon, Wisconsin–based designer and manufacturer of specialized equipment for locks, dams and movable bridges, effective Sept. 30. The founder, Dave Pflieger, sought a succession solution that preserved jobs and operations; management and staff will remain in place and Pflieger will continue as president.

Platte River Equity Acquires Belt Power, LLC from Shorehill Capital

August 23, 2022

Industrial Services

Platte River Equity has acquired Belt Power, LLC, a Marietta, Georgia–based distributor and fabricator of conveyor system components, from Shorehill Capital. Platte River invested out of Platte River Equity IV in partnership with Belt Power's existing management team; Shorehill will retain an ongoing equity stake. The deal aims to scale Belt Power's national footprint and expand its product and service offerings across industrial automation end markets.

Wynnchurch Capital Acquires Pennsylvania Machine Works

February 25, 2020

Manufacturing

Wynnchurch Capital, a Chicago-area private equity firm, has acquired Pennsylvania Machine Works, a U.S.-based manufacturer of high-pressure forged fittings and branch connections headquartered in Aston, Pennsylvania. The investment will support Penn Machine's growth and operational capabilities across its facilities in Aston, PA; Swedesboro, NJ; and Houston, TX.