Belt Power LLC (“Belt Power”), a leading full-service distributor and fabricator of belting and

components for lightweight conveyor systems, announced that it completed the acquisition of

Accurate Industrial Products, LLC (“Accurate”) on December 30, 2021. As a highly respected

fabricator and distributor for more than 25 years, Accurate has delivered a wide variety of

lightweight belting products and services to customers across the country from locations in the

St. Louis, Missouri and Columbus, Ohio markets. Accurate services a broad array of industries,

including food processing, auto/tire manufacturing, consumer packaged goods, building

products, and general industrial markets. The business has a well-deserved reputation for

strong technical capabilities, quality product lines, and highly respected leadership. The

combination of Belt Power and Accurate provides a powerful platform to deliver value-added

solutions to customers nationwide, leveraging Belt Power’s expanding footprint, fabrication

capabilities and technical sales organization.

The terms of the acquisition were not disclosed.

“Joining forces with Glenn and his team brings together two great companies with rich

traditions and strong cultures focused on taking care of our people and customers. Our

companies have similar approaches to the business with minimal overlap, enabling us to

accelerate our national organic growth strategy during a very dynamic time in our industry,”

said Belt Power CEO Don Heitmeier.

Accurate owners Glenn Siemer and John Hipp will have critical, ongoing roles with Belt Power.

“From the founding of Accurate Industrial in 1995, I learned that success is often grounded in

bold moves. One such move occurred in 2007 when John Hipp acquired ownership in Accurate

to become my partner. The advantages realized from this strategic union were obvious and

proved beneficial to both our employees and customers alike. We view a merger with Belt

Power in the same light. During an unparalleled time of consolidation in the lightweight belting

segment, we’re thrilled to be joining forces with the preeminent distributor/fabricator in North

America,” said Glenn Siemer, President of Accurate.

“Accurate and Belt Power share very similar customer-focused cultures, and we are delighted

to support Belt Power’s partnership with Glenn, John and the Accurate team. The combination

continues Belt Power’s organic and acquisition-related growth initiatives, and positions Belt

Power to best support local and national customers,” said Rob Hogan, Managing Director at

Shorehill Capital.

About Belt Power

A portfolio company of Shorehill Capital and headquartered in Marietta, Georgia, Belt Power is

a full-service distributor and fabricator of conveyor system components, including conveyor

belts, equipment, accessories and rubber, hose and gasket products. Through ten locations

throughout the US, Belt Power serves the conveyor maintenance, replacement and overhaul

needs of over 3,000 current customers with a focus on food processing, packaging, material

handling and light industrial markets. For additional information, visit www.BeltPower.com.

Belt Power is aggressively seeking to acquire other distributors and fabricators of conveyor

system components and is interested in acquisition opportunities presented by business

owners, management, or M&A intermediaries. Please contact Rob Hogan regarding acquisition

opportunities.

About Shorehill Capital

Shorehill Capital LLC is a Chicago-based private equity firm with a passion for creating superior

companies. We are focused on making control equity investments in North American

engineered industrial products, industrial services, and value-added distribution companies with

EBITDA between $3.0 million and $15.0 million and add-ons of any size. Shorehill seeks

opportunities with differentiated business models where our experience, network and

investment management approach can have a significant impact on the performance of the

business. For nearly 30 years our partners have worked with middle market business leaders to

accelerate growth and improve operational performance through structured investment

management plans. For additional information, please visit www.ShorehillCapital.com.