NXT Capital closed a credit facility in support of Platte River Equity’s acquisition of Belt Power.
NXT Capital acted as the administrative agent, sole lead arranger, and sole bookrunner on this transaction.
Headquartered in Marietta, GA, with 12 facilities strategically located across the U.S., Belt Power is a large, 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 supports the high-touch needs of its customers and serves 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.
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 and investing 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.
