Platte River Equity said Wednesday that portfolio company Belt Power LLC has acquired the U.S. assets of Sparks Belting Company Inc., expanding its presence in the lightweight conveyor belting market.
Financial terms were not disclosed.
The transaction adds Sparks Belting’s U.S. operations, product offerings and customer relationships to Belt Power, a full-service distributor and fabricator of belting and components used in lightweight conveyor systems. The combined business will serve customers across food processing, packaging, logistics and industrial markets.
Platte River Equity, a Denver-based private equity firm, acquired Belt Power in 2023 as part of a strategy to build a scaled platform in conveyor belting and material-handling solutions.
Belt Power said the acquisition expands its fabrication capacity, technical service capabilities, and ability to support customers with complex, application-specific conveyor requirements while maintaining localized service.
Sparks Belting, founded in 1946, is known for engineered conveyor belting products and application expertise for industrial and food-grade environments.
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