Atlanta, GA-based Belt Power LLC has announced that it completed the acquisition of Marietta, GA-based Regional Supply, LLC for an undisclosed amount.
Belt Power is a full-service distributor and fabricator of lightweight conveyor system components, including conveyor belts, equipment and accessories and rubber, hose and gasket products. Regional Supply is a lightweight conveyor belt distributor offering solutions for customers in the eastern U.S.
Shorehill Capital LLC, the majority investor in Belt Power, supported the acquisition with additional equity capital.
Regional Supply owners Paul and Tim Barrett will become equity owners in Belt Power and have representation on Belt Power’s Board of Directors. Steve Casagrande, General Manager of Regional Supply, will serve as an Executive Vice President of Belt Power and will lead Belt Power’s East Region sales team.
"Regional Supply is a critical and innovative supplier of lightweight conveyor belting solutions, supplying products across the eastern U.S. I look forward to combining our collective capabilities and teams to better serve customers," said Rick McClure, CEO of Belt Power. "The Regional Supply team is a welcome addition to our current team and I look forward to working with them to grow the combined business."
"Paul and Tim Barrett built Regional Supply to be an innovative and highly capable supplier in the industry," added Steve Casagrande, General Manager of Regional Supply. "It has been an exciting endeavor growing Regional over the years with our team. We are excited to be joining forces with Belt Power and I look forward to leading the combined sales team in Atlanta."
