Belt Power Acquires Mol Belting Systems

Belt Power Acquires Sparks Belting Company, Inc. (U.S. assets)

January 15, 2025

Industrial Services

Belt Power, a Platte River Equity portfolio company, has acquired the U.S. assets of Sparks Belting Company, Inc., a Grand Rapids–based fabricator and distributor of conveyor belting, accessories and power transmission products. The transaction is an add-on acquisition (Belt Power's sixth since Platte River's 2022 investment) intended to expand Belt Power's geographic presence, fabrication capabilities and customer base across industrial end markets such as food, packaging and logistics.

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.

Belt Power Acquires Blankenship Belting

October 30, 2023

Industrial Services

Belt Power, a Platte River Equity portfolio company, has acquired Blankenship Belting, a division of Blankenship Equipment Repair. The add-on expands Belt Power's fabrication and distribution footprint in the Pacific Northwest and broadens its service offerings to end markets including paper & packaging, food processing, material handling and general industrial customers.

Belt Power (Platte River Equity Portfolio) Acquires Reliable Rubber, LLC

November 7, 2023

Industrial Services

Platte River Equity portfolio company Belt Power, LLC has acquired Chicago-based Reliable Rubber, LLC. The add-on expands Belt Power's Midwest footprint and fabrication capabilities, marking the firm's third bolt-on since Platte River's investment in Belt Power last year.

Belt Power (Platte River Equity Portfolio) Acquires Avtech Industrial Products

May 8, 2024

Industrial Services

Belt Power, a portfolio company of Platte River Equity, has acquired Avtech Industrial Products, a Phoenix-based distributor and fabricator of conveyor belts, motors, drives, hose & fittings and provider of installation and repair services. The acquisition expands Belt Power's footprint and service capabilities in the Phoenix/Southwest market, complementing its fabrication capabilities and technical sales organization.

Belt Power Acquires Dunham Rubber & Belting Corporation

January 3, 2023

Industrial Services

Belt Power, LLC, a Platte River Equity portfolio company, has completed the acquisition of Dunham Rubber & Belting Corporation. Dunham — a fabricator and distributor with locations in Greenwood, Shelbyville and Fort Wayne, Indiana — expands Belt Power's fabrication capabilities and geographic footprint to better serve food processing, material handling, pharmaceutical and other industrial customers nationwide.