Platte River Equity Announces The Acquisition Of Building Controls & Solutions

(MENAFN- PR Newswire) Mark Brown, Managing Director of Platte River, said, "BCS is a great example of Platte River's continued strategy of partnering with niche, market leaders within its target sectors. We look forward to leveraging our experience within industrial distribution to continue to build upon the impressive platform Eric, Christopher and the team have established." Tarun Kanthety, Vice President of Platte River, added, "BCS has been a company we've held in high regard, and we're eager to support its next phase of growth. With the sector's attractive trends and the Company's strong positioning, we're enthusiastic about the future ahead."

"We are excited for the next big chapter with Platte River," said Eric Chernik, CEO of BCS. "BCS is committed to delivering the highest value to our customers through our people, technologies and product and service offerings, and we are confident that our partnership with Platte River will bring additional resources to support our future growth across North America."

Bartlit Beck LLP served as legal counsel, and Intrepid Investment Bankers served as financial advisor to Platte River.

About Building Controls & Solutions

Headquartered in Dallas, TX, with 24 branches strategically located across the U.S. and Canada, BCS is a value-added distributor of building controls, automation, gas detection and energy management solutions for commercial buildings, including education, government, data center, healthcare and other end markets. BCS helps its customers create intelligent work environments, maximize energy efficiencies and leverage technology to optimize business processes and enhance safety and security.

About Platte River Equity

Founded in 2006 and based in Denver, CO, Platte River Equity is a private equity firm focused on investments in established lower middle market operating companies within targeted industrial sectors where it has substantial operating and investing experience. Platte River utilizes prudent capital structures in order to invest in future growth opportunities and withstand changing economic environments. The firm also provides significant ongoing support to its portfolio companies through dedicated resources across functional areas.

The firm has raised five funds with committed capital in excess of $1.7 billion. The Platte River team is the largest collective investor across its funds, deeply aligning the firm with its investors and portfolio company management teams.

Contact
Lauren A. Metz
Vice President of Business Development
Phone #: +1 303 292 7321
Email: [email protected]

SOURCE Platte River Equity

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