Platte River Equity to acquire Belt Power from Shorehill Capital.

Platte River Equity, a private equity firm, agreed to acquire Belt Power, a distributor and fabricator of lightweight conveyor systems and related components, from Shorehill Capital, a private equity firm. Financial terms were not disclosed. "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. 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 in the broader industrial automation end markets," Mark Brown, Platte River Managing Director.