Platte River Equity Invests in Merger of TIPCO Technologies and HydraTech Industrial Solutions

DENVER, Dec. 6, 2023 ~ Platte River Equity, a Denver-based private equity firm, has announced a partnership with TIPCO Technologies and HydraTech Industrial Solutions to form a national independent distributor of fluid conveyance and sealing solutions. The new entity will operate under the name TIPCO Technologies.

Brad Marshall, CEO of HydraTech, expressed his excitement at joining forces with Rob and Terri of TIPCO. He said that TIPCO's presence in the Mid-Atlantic complements their footprint, opening up greenfield expansion opportunities. Rob Lyons, CEO of TIPCO, also expressed his enthusiasm for the partnership and its potential for growth and career paths for their team.

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Peter Calamari, Managing Director of Platte River Equity, said that they have been following this business and sector for several years and believe it represents a unique opportunity to bring together these two great companies. Mike Reilly, Principal of Platte River Equity added that they are thrilled to be working with Brad, Rob, Terri and their teams in building a value-added distributor that leads through technology and innovation.

The combined company will now represent 30 locations across 13 states with plans to expand team size, maintain substantial inventory investments and invest in cutting-edge technology and services. This merger is set to solidify TIPCO's position as an important player in the fluid conveyance and sealing solutions market throughout the United States. Bartlit Beck LLP served as legal counsel to Platte River while Apogem Capital provided financing for the transaction.
Filed Under: Business

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