DENVER — Platte River Equity announced today that it has acquired a controlling interest in Sherrill, Inc. Headquartered in Greensboro, NC, Sherrill is the largest distributor of arborist tools and equipment in North America.
"We have had a great partnership with Generation Equity Capital for the last ten years and are looking forward to the next chapter in the company's growth with a value-added partner like Platte River," said Tripp Wyckoff, Sherrill's CEO and President.
Matt D. Newill, Vice President of Platte River, stated, "Sherrill's brand has been synonymous with great customer service and bringing innovative products to market, and we look forward to continuing this long tradition." Peter W. Calamari, Managing Director of Platte River, said, "We are excited about our partnership with Tripp and the entire Sherrill team. We look forward to working with the Company to expand its distribution and digital marketing capabilities to better serve its trade partners and diverse customer base."
Platte River invested out of its fourth fund, Platte River Equity IV, L.P., to acquire Sherrill. Bartlit Beck LLP served as legal counsel to Platte River. BMO Capital Markets provided financing for the transaction.