Belt Power acquires Regional Supply
Atlanta-based Belt Power announced the acquisition of Regional Supply of Marietta, Georgia.
Belt Power is a full-service distributor and fabricator of lightweight conveyor system components, including conveyor belts, equipment and accessories and rubber, hose and gasket products. Regional Supply distributes lightweight conveyor belt solutions for customers in the eastern United States.
Shorehill Capital LLC, the majority investor in Belt Power, supported the acquisition with additional equity capital. Regional Supply owners Paul and Tim Barrett will become equity owners in Belt Power and have representation on Belt Power’s board of directors. Steve Casagrande, general manager of Regional Supply, will serve as an executive vice president of Belt Power and will lead Belt Power’s East Region sales team.
The terms of the acquisition were not disclosed.
“Regional Supply is a critical and innovative supplier of lightweight conveyor belting solutions, supplying products across the eastern U.S. I look forward to combining our collective capabilities and teams to better serve customers. The Regional Supply team is a welcome addition to our current team and I look forward to working with them to grow the combined business,” said Rick McClure, Belt Power CEO.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
