CHICAGO — An affiliate of Chicago-based private equity firm Shorehill Capital LLC has acquired a majority interest in Belt Power LLC, a distributor of lightweight conveyor belts and belting accessories.
Headquartered in Atlanta, 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. Belt Power serves the conveyor maintenance, replacement and overhaul needs of nearly 1,000 current customers with a particular focus on the food processing market. For additional information, visit www.beltpower.com.
“We were impressed with Shorehill Capital’s knowledge of the distribution industry as well as their ability to grow businesses strategically,” said John Shelton, President of Belt Power. “The resources and acumen they bring to Belt Power will help us take our company to the next level.”
“We look forward to working with John Shelton and Executive Vice President Travis Wilson on numerous growth initiatives, including strategic acquisitions, greenfield expansion and incremental product and service offerings,” said Rob Hogan, Managing Director at Shorehill Capital. “We continue to look for successful companies in the distribution and industrial markets where we can apply our active investment management approach in partnership with outstanding management teams to accelerate earnings growth and value creation.”
Shorehill Capital is a Chicago-based private equity firm whose principals have over 25 years of experience investing in middle market industrial and distribution companies. Shorehill Capital invests with visionary management teams to apply proven strategies, accelerating growth, creating value and positioning companies for attractive exits. For additional information, visit www.shorehillcapital.com.