Platte River Equity acquires controlling interest in Sherrill

Platte River Equity, a private equity firm investing in aerospace & transportation; energy & infrastructure; agriculture & chemicals and metals & minerals, has announced it has acquired a controlling interest in North Carolina-based arborist tools distributor Sherrill, Inc., the company said.

Platte River invested out of its fourth fund, Platte River Equity IV, L.P., to acquire Sherrill. Bartlit Beck LLP served as legal counsel to Platte River.

BMO Capital Markets provided financing for the transaction.

Sherrill, Inc. is a distributor and direct retailer of arborist tools and equipment.

Platte River Equity is focused on equity investments in lower middle market operating companies with enterprise values generally between USD 40 million and USD 250 million.