Platte River Equity Acquires Belt Power, LLC from Shorehill Capital

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 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 Acquires Mol Belting Systems

June 20, 2024

Manufacturing

Platte River Equity portfolio company Belt Power, LLC has acquired substantially all of the U.S. assets of Mol Belting Systems, Inc., a family-owned fabricator and distributor of conveyor belts and power transmission products based in Grand Rapids, Michigan. The acquisition expands Belt Power's product capabilities and geographic reach by adding Mol's technical fabrication expertise and broad product offering to Belt Power's national network of facilities.

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 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.

Belt Power LLC Acquires Rubber Service Corp.

December 2, 2020

Industrial Services

Belt Power LLC, a Marietta, Georgia-based distributor and fabricator of conveyor system components and a portfolio company of Shorehill Capital, completed the asset acquisition of Rubber Service Corp. on December 1, 2020. The acquisition expands Belt Power's footprint into the Denver metropolitan area and Mountain West markets; Rubber Service owner Lou Siemer will continue to lead the new Belt Power branch.