The Business

Belt Power, LLC (www.beltpower.com) is an Atlanta, Georgia-based full-service fabricator and distributor of conveyor system components, including conveyor belts, equipment, accessories and rubber, hose and gasket products. Belt Power serves the conveyer maintenance, replacement and overhaul needs of nearly 1,000 current customers with a particular focus on the food processing market.

The Industry

Belt Power primarily serves the food processing market, a growing, highly regulated market that is insulated from economic downturns. Within the food processing sector, Belt Power is a leading supplier to the poultry market, which is experiencing rapid growth as per capita consumption of poultry in the U.S. continues to increase. Belt Power’s strategically-located branch locations in the Southeast U.S. allow it to effectively service many of the nation’s top food and poultry processors.

The Process

Prestwick Partners initiated this transaction and acted as the exclusive financial advisor to Belt Power and Gen Cap America, a Nashville, Tennessee-based private equity group. Prestwick designed an M&A process, prepared marketing materials, evaluated acquisition proposals and negotiated the transaction with Shorehill Capital, a Chicago, Illinois-based private equity group. Prestwick’s process included both domestic and international strategic acquirers as well as private equity groups.