Platte River Equity has partnered with Tallman Equipment Co. in an investment designed to expand the company’s capabilities and market reach within the electric utility and linework industries.
The transaction marks Platte River’s 100th acquisition since its founding in 2006 and builds on the firm’s experience investing in industrial distribution and electric utility services businesses. Founded to serve linemen, utility crews, contractors, municipalities and electrical professionals, Tallman Equipment Company supplies tools, equipment and support services for the electric utility sector across North America. Its offerings include lineman tools and equipment, equipment rental, tool repair and refurbishment, fiberglass testing and refurbishment, groundset and jumperset manufacturing, rope fabrication, rubber goods and other field support services.
Bartlit Beck LLP served as legal counsel to Platte River, while Stephens acted as financial advisor on the transaction.