Belt Power LLC (“Belt Power”), a leading full-service distributor and fabricator of belting and components for lightweight conveyor systems, announced that it completed the acquisition of the assets of Engineered Components, Inc. (“ECI”) on July 16, 2021. As a distributor for more than 19 years, ECI has delivered material handling parts, products and solutions to customers across the country. ECI services an array of material handling customers—from baggage handling system solutions at airports nationwide to postal and mail handling systems to large-scale package handling centers. ECI has the proven technical expertise and quality product lines to supply and service the demanding material handling needs of global customers. This combination provides a powerful platform to deliver value-added solutions to customers in the material handling vertical by leveraging Belt Power’s expanding footprint, fabrication capabilities and technical sales
organization.
The terms of the acquisition were not disclosed.
“This is a tremendous opportunity to expand our national expertise in the material handling vertical and accelerate our organic growth strategy in a very dynamic industry. George Supino and the ECI team have consistently delivered both a strong customer-centric approach with an industry leading technical solution capability,” said Belt Power CEO Don Heitmeier.
“ECI has been blessed with having the most prominent supplier relationships and the greatest customer support through the years. This past year we realized we needed to make a sizable investment to better support our existing and expanding customer base. The opportunity to join forces with Belt Power immediately provides us with the expanded resources, capabilities and operational support to drive value for our customers and our employees,” said George Supino,
owner of ECI.
“Shorehill is thrilled to incorporate ECI’s material handling expertise into the Belt Power platform, and we consider this combination to be a critical addition to Belt Power’s expanding array of specialty products and services,” said Rob Hogan, Managing Director at Shorehill Capital.
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About Belt Power
A portfolio company of Shorehill Capital and headquartered in Marietta, Georgia, Belt Power is a 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 U.S., 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. For additional information, visit www.BeltPower.com.
Belt Power is aggressively seeking to acquire other distributors and fabricators of conveyor system components and is interested in acquisition opportunities presented by business owners, management, or M&A intermediaries. Please contact Rob Hogan regarding acquisition opportunities.
About Shorehill Capital
Shorehill Capital LLC is a Chicago-based private equity firm with a passion for creating superior companies. We are focused on making control equity investments in North American engineered industrial products, industrial services, and value-added distribution companies with EBITDA between $3.0 million and $15.0 million and add-ons of any size. Shorehill seeks opportunities with differentiated business models where our experience, network and investment management approach can have a significant impact on the performance of the business. For nearly 30 years our partners have worked with middle market business leaders to accelerate growth and improve operational performance through structured investment management plans. For additional information, please visit www.ShorehillCapital.com.