Belt Power LLC, a Marietta, Georgia-based distributor and fabricator of lightweight conveyor system components, announced Wednesday that it has acquired Rubber Service Corp., Commerce City, Colorado. Financial terms of the deal, which closed Dec. 1, weren’t disclosed.
Rubber Service, which operates out of the Denver metropolitan area, provides lightweight belting solutions to customers in the Mountain West and Midwest. The company’s owner, Lou Siemer, will continue to lead the new branch for Belt Power.
Belt Power is a portfolio company of private equity firm Shorehill Capital LLC.
“Rubber Service and Lou Siemer have earned a strong reputation in the lightweight belting industry based on providing excellent service to their customers for over 40 years,” said Belt Power CEO Don Heitmeier. “We look forward to combining our shared capabilities and teams to expand our service solutions to the Rubber Service customers. I look forward to building on the current capabilities and continuing to expand our presence in the Denver area and throughout the Western U.S.”
Said Lou Siemer, owner of Rubber Service: “Rubber Service Corp. is excited to join the Belt Power team. Both companies share the same customer service focus, and through an increasing network of locations and industry offerings, together we will be well positioned to deliver more valuable solutions for our customers.”
Added Rob Hogan, Managing Director at Shorehill Capital: “Shorehill is thrilled to support Belt Power’s continuing efforts to expand geographically, and we believe this combination is important to our continuing revenue growth into the Western United States.”
The post Belt Power Acquires Rubber Service appeared first on Modern Distribution Management.
