Platte River Equity related stories
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Platte River Equity Fund IV closes at $625 mlnPlatte River Equity said June 29 that its fourth private equity fund at it $625 million hard cap. The initial target of Platte River Equity IV LP was $550 million. Platte River, of Denver, invests in aerospace & transportation; energy & power; agriculture & chemicals; and metals & minerals. Capstone Partners was the placement agent for Fund IV. Kirkland & Ellis LLP, Bartlit Beck Herman Palenchar & Scott LLP and The Whitmire Group LLC provided legal counsel to Platte River.
- Platte River takes majority stake in MFG
Platte River Equity has acquired Dalton, Georgia-based MFG Chemical, a specialty chemical manufacturer of polymers, surfactants and esters. No financial terms were disclosed.
- Platte River promotes Banta to MD
Platte River Equity has promoted Derria D. Banta to managing director. Banta joined the Denver-based private equity firm in 2012 as a chief financial officer, a post she will continue to hold in addition to her new appointment as a managing director.
- Platte River buys Tiger-Sul
Platte River Equity has acquired Shelton, Connecticut-based Tiger-Sul Products, a provider of sulphur fertilizers and crop performance products. No financial terms were disclosed.
- Platte River Equity adds three new hires
Platte River Equity said Sept. 13 that it hired three professionals. James “J.B.” Moore has joined as a vice president, while Tarun Kanthety and Brian Hopkin joined as new associates.
- Platte River buys CTS Engines
Platte River Equity said July 26 that it acquired CTS Engines. Financial terms weren’t announced. Company management also invested. Fort Lauderdale, Florida-based CTS Engines provides maintenance, repair and overhaul (“MRO”) services for established engine platforms, specializing in the overhaul of the General Electric CF6-80C2, CF6-80A and CF6-50 engines, as well as the Pratt & Whitney PW2000. Bartlit Beck Herman Palenchar & Scott LLP served as legal counsel to Platte River, while Houlihan Lokey served as debt placement agent. Annaly Middle Market Lending provided financing for the transaction. BlackArch Partners served as sell-side advisor to CTS.
- Platte River Equity buys tools maker Jameson
Platte River Equity has acquired professional tools maker Jameson LLC. No financial terms were disclosed. Platte River plans on merging Jameson with portfolio company Huskie Tools LLC, a provider of hydraulic hand tools, hoists and related accessories. The newly combined company will be headquartered in in Glendale Heights, Illinois.
- PE-owned Profile Products buys Central Fiber's erosion and landfill cover businesses
Profile Products, which is owned by Platte River Equity, has acquired Central Fiber's erosion control and landfill cover businesses. No financial terms were disclosed.
- Platte River buys Huskie Tools
Platte River Equity said Monday it had acquired Huskie Tools Inc. Financial terms weren’t announced. Huskie provides professional-grade, battery-operated hydraulic hand tools, hoists and related accessories that are used by linemen in the electric utility industry and in broader industrial end markets. Madison Capital provided financing.
- Platte River backs First River
Platte River Equity has made an undisclosed follow-on investment in First River Energy LLC. Based in Denver, First River Energy is an crude oil midstream company.