About Belt Power
Belt Power is a company based in Marietta (United States) founded in 1989, and was acquired by Platte River Equity in August 2022. Conveyor components are manufactured and distributed by Belt Power. The company has 125 employees. Belt Power has completed 7 acquisitions, including Accurate Industrial, Avtech Industrial and Dunham Rubber & Belting Corporation. Its chief executive, as recorded, is Don Heitmeier.
Company details
Belt Power was established in 1989 and is headquartered in Marietta, United States. Operations focus on the manufacturing and distribution of conveyor components within the industrial sector. Products are supplied to support material handling needs across various applications. The company is led by CEO Don Heitmeier, with activities centered in the North American market. Distribution networks are maintained to ensure component availability for industrial clients.
- Headquarters Marietta, United States
- Employees 125
- Stage Acquired
- Email••••••••
- Phone•••• ••••
- Website beltpower.com
- Social LinkedIn X Facebook
- Acquired by Platte River Equity (Aug 2022)
- Latest Funding Round$23M (USD), Unspecified
Jun 2024
- InvestorsPlatte River Equity
& 1 more
- Employee Count125
- Investments & AcquisitionsAccurate Industrial
& 6 more
- Acquired by
Funding Insights of Belt Power
- Total Rounds 2
- Last Round Unspecified — $23M
- First Round $750,000
(Oct 2023)
All 2 funding rounds of Belt Power with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2024 | $23M | Unspecified | – | – | – |
| Oct 2023 | $750,000 | Unspecified | – | – | – |
2 investors in total: 2 institutional.
Investors in Belt Power
Belt Power has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Platte River Equity and Shorehill Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Platte River Equity is focused on private equity investments. | 2006 | platteriverequity.com | Denver, United States | |
A private equity firm based in Chicago is operated. | shorehillcapital.com | Chicago, United States |
Investor details for Belt Power
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People of Belt Power
13 people are tracked at Belt Power (9 in leadership, 4 in team); the tracked headcount is 125.
| Name | Role | Group |
|---|---|---|
Don Heitmeier | CEO | Leadership |
Robert Belcher | Chief Operating Officer | Leadership |
Chip Jones | Chief Financial Officer | Leadership |
Lynn Broaddus | Chief Financial Officer | Leadership |
Chad Fowler | Region Vice President | Leadership |
Travis Wilson | Chief Commercial Officer | Leadership |
John Vanderwagen | Chief Digital Officer (cdo) | Leadership |
Kirby Stockard | Director Of M&a | Leadership |
Jessica Johnston | Chief Human Resources Officer | Leadership |
Doug Winnette | Controller | Team |
Jennifer Doster | Controller | Team |
Samuel Lauriano | Account Receivables | Team |
Brian Hipp | Area Business Unit Leader | Team |
Complete people profiles for Belt Power
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Investments & Acquisitions by Belt Power
Belt Power has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Accurate Industrial, Avtech Industrial and Dunham Rubber & Belting Corporation.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Conveyor belts and motorized pulleys are manufactured, fabricated, and distributed. | sparksbelting.com | Grand Rapids, United States | 2013 | Jan 2025 | •••• | |
Industrial automation solutions and products are provided for various sectors. | avtechindustrial.com | Phoenix, United States | 2006 | May 2024 | •••• | |
Conveyor belting and industrial hoses with fittings are supplied. | dunhamrubber.com | Greenwood, United States | 1965 | Jan 2023 | •••• | |
Custom conveyor belts are manufactured for industrial applications. | accurateindustrial.com | Imperial, United States | 1995 | Jan 2022 | •••• | |
Offers ship components and repair services | rubber-service.com | Hoyerswerda, Germany | 2004 | Dec 2020 | •••• | |
Lightweight conveyor belts are distributed by Regional Supply since 1999. | regional-supply.com | Marietta, United States | 1999 | Mar 2018 | •••• | |
Distributor of lightweight conveyor belts | sunbeltincorp.com | Lakeland, United States | 2000 | Aug 2016 | •••• |
Complete acquisition details for Belt Power
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Timeline of Belt Power
13 dated milestones of Belt Power across 36 years, from founding to its latest funding, stage changes and deals.
- Founded Belt Power is founded.
- Exit Acquired by Shorehill Capital.
- Acquisition Acquires Sunbelt.
- Acquisition Acquires Regional Supply.
- Acquisition Acquires Regional Supply.
- Acquisition Acquires Rubber Service.
- Acquisition Acquires Accurate Industrial.
- Exit Acquired by Platte River Equity.
- Acquisition Acquires Dunham Rubber & Belting Corporation.
- Funding First funding round of $750K.
- Acquisition Acquires Avtech Industrial.
- Funding Latest funding round, Unspecified, of $23.0M.
- Acquisition Acquires Sparks Belting.
Web traffic of Belt Power
The website of Belt Power (beltpower.com) receives about 6.5K visits a month.
- Monthly visits6.5K
▼ 11.3% vs previous month
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Frequently Asked Questions about Belt Power
Belt Power was founded in 1989 and raised its 1st funding round 34 years after it was founded.
Belt Power is headquartered in Marietta, United States. It is registered at Marietta, Georgia, United States.
Don Heitmeier is the CEO of Belt Power, as recorded in our data.
Belt Power has 125 employees.
Belt Power was established in 1989 and is headquartered in Marietta, United States. Operations focus on the manufacturing and distribution of conveyor components within the industrial sector. Products are supplied to support material handling needs across various applications. The company is led by CEO Don Heitmeier, with activities centered in the North American market. Distribution networks are maintained to ensure component availability for industrial clients.
Belt Power has made 7 acquisitions, including Accurate Industrial, Avtech Industrial, and Dunham Rubber & Belting Corporation.
Belt Power has 2 investors. Key investors include Platte River Equity, and Shorehill Capital.
Yes. Belt Power was acquired by Platte River Equity in August 2022.