Platte River sells natural gas fired heat exchanger repair company

Platte River Equity sold its portfolio company, Hetsco Inc. to Global Power Equipment Group Inc (Nasdaq: GLPW).

Hetsco provides 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 industrial gas, gas processing, LNG and utility companies.

Bartlit Beck Herman Palenchar & Scott LLP served as Platte River’s legal counsel, and St. Charles Capital served at the exclusive financial advisor to Hetsco. Thompson Hine LLP served as legal counsel and TM Capital served as financial advisor to Global Power.

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