logo (1)Platte River Equity (“Platte River”) announced on September 21st, 2015 that it has acquired Huskie Tools, Inc. (“Huskie Tools” or the “Company”). Huskie Tools is a leading independent provider of professional-grade, battery-operated hydraulic hand tools, hoists and related accessories that are used by linemen in the electric utility industry and in broader industrial end markets. The Company’s product portfolio consists of an extensive set of hydraulic power tools and hoists that are used primarily to maintain and build transmission and distribution infrastructure.

“Platte River places strong emphasis on investing in businesses that provide critical products and services that meet the needs of our country’s most important infrastructure. With Huskie Tools’ market-leading position, the Company is poised to capitalize on the significant planned investment in the North American power delivery system,” commented Platte River Managing Director Peter Calamari. “Huskie Tools has a reputation as a provider of safe, reliable and high-performing products that are used by electric utility linemen throughout North America,” added Platte River Principal, Mark Brown.

“We are looking forward to working closely with Platte River and learning from their prior experiences as we continue to develop new products, penetrate new end markets and expand geographically,” said Roger Richter, Vice President of Operations of Huskie Tools.

Platte River invested out of its third fund, Platte River Equity III, L.P., to acquire Huskie Tools. Bartlit Beck Herman Palenchar & Scott LLP served as legal counsel to Platte River. Madison Capital provided financing for the transaction.