Denver, CO, August 23, 2022 – Platte River Equity (“Platte River”) is pleased to announce the acquisition of Belt Power,
LLC (“Belt Power” or the “Company”) from Shorehill Capital. Belt Power is a full-service, value-added distributor and
fabricator of conveyor system components including conveyor belts, equipment and accessories.
“As the largest independent distributor, Belt Power has the industry knowledge, product line, customized fabrication
capabilities, and 24/7 installation services that differentiates itself from its peers,” said Mark Brown, Platte River Managing
Director. “Platte River was attracted to the opportunity to further scale Belt Power’s national presence and is excited to
partner with the management team to grow the Company’s leadership position within the broader industrial automation
end markets.”
Don Heitmeier, CEO of Belt Power, said, “We look forward to partnering with Platte River and will benefit from the firm’s
significant experience with industrial distribution businesses. We’re excited about continuing to grow our geographic
presence, expand our product offering and breadth and depth of services. We are confident Platte River is the right
partner to build upon our history as the leading distributor of conveying solutions.”
Platte River invested out of its fourth fund, Platte River Equity IV, L.P. Bartlit Beck LLP served as legal counsel to Platte
River.
About Belt Power
Headquartered in Marietta, GA, with 12 facilities strategically located across the U.S., Belt Power is the industry’s largest,
independent distributor and fabricator of conveyor system components including conveyor belts, equipment, accessories,
rubber hose and gasket products. The Company sells into a diverse set of end markets with a focus on the food, packaging,
industrial and material handling segments. Belt Power is able to support the high-touch needs of its customers and act as
a value-added partner by offering rapid 24/7 on-site installation, maintenance and repair services to maximize uptime and
productivity for mission critical automation applications. For additional information, please visit www.beltpower.com.
About Platte River Equity
Founded in 2006 and based in Denver, CO, 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 andinvesting experience. Platte River utilizes conservative capital structures in order to invest in future growth opportunities
and withstand changing economic environments. The firm also provides significant ongoing support to its portfolio
companies through dedicated resources across functional areas.
The firm has raised funds with committed capital in excess of $1.3 billion and is currently investing out of its $625 million
fourth fund. The Platte River team is the largest collective investor across its funds, deeply aligning the firm with its
investors and portfolio company management teams. For additional information, please visit www.platteriverequity.com.