Tribus Aerospace acquires Midwest Precision
FOR IMMEDIATE RELEASE – March 8, 2019 Tribus Aerospace Corp. (“Tribus Aerospace”) announced today that it has completed the acquisition of Midwest Precision Holdings Inc. and related entities (“Midwest Precision”). Tribus Aerospace is a manufacturer of precision components for aerospace, defense and industrial markets. Shorehill Private Equity LP (“Shorehill Capital”), the majority shareholder[…]
Shorehill Acquires Majority Ownership Interest in Functional Devices LLC
FOR IMMEDIATE RELEASE – January 8, 2019 Shorehill Capital LLC (“Shorehill”) announced today that it acquired a majority ownership interest in Functional Devices LLC (“Functional Devices” or the “Company”) in partnership with the Company’s management team and Ken Rittmann, the Company’s prior owner. Headquartered in Sharpsville, Indiana, Functional Devices is a leading US-based[…]
Belt Power Names Don Heitmeier as Chief Executive Officer
FOR IMMEDIATE RELEASE – December 3, 2018 Belt Power LLC (“Belt Power” or the “Company”) is pleased to announce that Don Heitmeier has been appointed President, Chief Executive Officer and director of Belt Power. Mr. Heitmeier has over 30 years of distribution experience with two of the leaders in the wholesale distribution space.[…]
Power Grid Components, Inc. Makes Two Strategic Appointments to the Board of Directors
FOR IMMEDIATE RELEASE – AUGUST 1, 2018 Power Grid Components, Inc. (“Power Grid”) is pleased to announce that electric utility industry veterans David (Dave) Pacyna and Thomas (Tom) Smith have joined the Board of Directors. Dave and Tom respectively have over 35 years of industry and operational experience as suppliers to the electric[…]
Power Grid Components, Inc. Appoints a CFO
FOR IMMEDIATE RELEASE – AUGUST 1, 2018 Power Grid Components, Inc. (“Power Grid”) is pleased to announce that Keith Mayer has joined the Company as Chief Financial Officer. Keith has over twenty years of experience as a finance executive within manufacturing and distribution companies. For the last decade, Keith Mayer served as[…]
Tribus Aerospace adds Bob Ellithorpe as Chief Executive Officer
FOR IMMEDIATE RELEASE – JULY 31, 2018 Tribus Aerospace LLC (“Tribus”) is pleased to announce that Robert (“Bob”) N. Ellithorpe has been appointed Chief Executive Officer and director of Tribus. Mr. Ellithorpe has over 30 years of experience in general management, program management, and operations at multiple aerospace and defense companies. Bob[…]
Power Grid Components, Inc. announces the acquisition of Instrument Transformer Equipment Corporation
FOR IMMEDIATE RELEASE – APRIL 13, 2018 Power Grid Components, Inc. (“Power Grid”), a company formed by Shorehill Capital LLC (“Shorehill”) and Rick McClure, an electrical power grid industry veteran, announced today the completion of the acquisition of Instrument Transformer Equipment Corporation (“ITEC”). This is Power Grid’s second acquisition. ITEC is a[…]
Shorehill Welcomes Charlie Denison as a Principal on the Investment Team
We are pleased to announce that Charlie Denison has joined Shorehill Capital LLC as the newest member of our investment team. Charlie is responsible for sourcing and closing new investments, conducting due diligence and executing portfolio management initiatives. Charlie joins Shorehill from the Boston Consulting Group, where he was a Project Leader within[…]
Belt Power LLC Acquires Regional Supply, LLC
FOR IMMEDIATE RELEASE – March 8, 2018 Shorehill Capital LLC (“Shorehill”) announced today that its portfolio company Belt Power LLC (“Belt Power” or the “Company”) completed the acquisition of Regional Supply, LLC (“Regional Supply”) on March 1, 2018. Belt Power is a leading full-service distributor and fabricator of lightweight conveyor system components, including[…]
Tribus Aerospace Corporation acquires Precision Aerospace Corporation and Precision Micro Mill LLC
FOR IMMEDIATE RELEASE – March 1, 2018 Tribus Aerospace LLC (“Tribus Aerospace”) announced today that an affiliate has completed the acquisitions of Precision Aerospace Corp. (“PAC”) and Precision Micro Mill LLC (“PMM”). Tribus Aerospace is a precision machining business focused on critical engine, motion control and flow control parts and assemblies primarily for the[…]