About Belt Power
Belt Power is a company based in Marietta (United States) founded in 1989 was acquired by Platte River Equity in August 2022. Belt Power has raised $23.75 million across 2 funding rounds from investors including Platte River Equity and Shorehill Capital. The company has 125 employees as of December 31, 2022. Belt Power has completed 8 acquisitions, including Accurate Industrial, Avtech Industrial and Dunham Rubber & Belting Corporation.
- Headquarter Marietta, United States
- Employees 125 as on 31 Dec, 2022
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$23.75 M (USD)
in 2 rounds
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Latest Funding Round
$23 M (USD), Unspecified
Jun 11, 2024
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Investors
Platte River Equity
& 1 more
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Employee Count
125
as on Dec 31, 2022
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Investments & Acquisitions
Accurate Industrial
& 7 more
- Acquired by
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People of Belt Power
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Funding Insights of Belt Power
Belt Power has successfully raised a total of $23.75M across 2 strategic funding rounds. The most recent funding activity was a Unspecified round of $23 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
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 |
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Platte River Equity is focused on private equity investments.
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Locked | Locked | Locked | |
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A private equity firm based in Chicago is operated.
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Locked | Locked | Locked |
Investor details for Belt Power
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Investments & Acquisitions by Belt Power
Belt Power has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Accurate Industrial, Avtech Industrial and Dunham Rubber & Belting Corporation.
Investment portfolio details for Belt Power
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Conveyor belts and motorized pulleys are manufactured, fabricated, and distributed.
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Locked | Locked | 2013 | Locked | |
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Industrial automation solutions and products are provided for various sectors.
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Locked | Locked | 2006 | Locked | |
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Offers ship components and repair services
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Locked | Locked | 2004 | Locked |
Complete acquisition details for Belt Power
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Financial Statements - Belt Power
Detailed financials for Belt Power
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Belt Power Comparisons
Peer comparison for Belt Power
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Competitors of Belt Power
Detailed competitors of Belt Power
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Latest news on Belt Power
Complete news archive for Belt Power
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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 current CEO of Belt Power.
Belt Power is a funded company, having raised a total of $23.75M across 2 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Belt Power is 125.
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 8 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.