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Platte River Equity Announces Sale Of Hetsco, Inc To Global Power Equipment Group Inc

Wednesday, 1 May 2013 06:05am EDT 

Platte River Equity announced the sale of its portfolio company, Hetsco, Inc. (Hetsco) to Global Power Equipment Group Inc. (Global Power). Headquartered in Greenwood, Indiana and founded in 1981, Hetsco is the provider of emergency and planned repairs for brazed aluminum heat exchangers, the critical process equipment used in air separation and other gas processing applications. Hetsco also provides maintenance, fabrication, construction, relocation and safety services to the industrial gas, gas processing, LNG and utility companies. Bartlit Beck Herman Palenchar & Scott LLP served as legal counsel to Platte River, and St. Charles Capital served as the exclusive financial advisor to Hetsco. Thompson Hine LLP served as legal counsel and TM Capital served as financial advisor to Global Power. Financial terms were not disclosed. 

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11 Jul 2014