Marietta, Georgia-based Belt Power, LLC — a full-service distributor and fabricator of belting and components for lightweight conveyor systems — announced Jan. 3 that it has completed its acquisition of Dunham Rubber & Belting Corporation.
Dunham provides lightweight belting products and services to customers across from three locations in Indiana: Greenwood, Shelbyville and Ft. Wayne. Financial details of the deal were not announced.
“Joining forces with the Dunham team brings together two great companies with rich traditions and strong cultures focused on taking care of our employees and delivering world class service to customers,” said Belt Power CEO, Don Heitmeier. “Our companies share similar business approaches with minimal customer overlap, enabling us to accelerate the expansion of our national growth strategy during a very exciting time in our industry.”
MDM’s M&A Virtual Summit, to be held Feb. 21-22, has something to offer for any distributor on the dealmaking spectrum. We’ll cover the current state of M&A; how to maximize valuation; integration do’s and don’ts; ESOPs; the culture side of the M&A process; and more. Get details and register here.
On Aug. 23, 2022, Shorehill Capital LLC announced that it sold Belt Power LLC to Platte River Equity in partnership with Belt Power’s existing management team.
“Platte River Equity welcomes the Dunham team members to the Belt Power organization,” said Mark Brown, Platte River Equity Managing Director. “We are excited about the possibilities ahead and are committed to honoring several decades of history between both Belt Power and Dunham.”
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