DENVER, Sept. 5 /PRNewswire/ -- Platte River Ventures announced today that it acquired all of the outstanding stock of Hetsco, Inc. ("Hetsco" or the "Company") in partnership with senior management. Headquartered in Greenwood, Indiana, Hetsco is the leading independent provider of repair and maintenance services for brazed aluminum plate-fin heat exchangers used in industrial gas, liquefied natural gas and chemical facilities, as well as a specialty provider of construction and fabrication services for the industrial gas industry."We are excited about our new partnership with Platte River Ventures," said Ralph Canter, CEO of Hetsco. "I believe that the significant operating experience of Platte River Ventures' principals, along with the access to additional capital, will allow us to execute on our growth strategies."
"Hetsco represents our first investment in industrial services, a sector we have been focused on for the past year," said Peter Calamari, Managing Director of Platte River Ventures. "The Company has long standing relationships with the leading global industrial gas and chemical companies, and a reputation for highly talented welders and unparalleled service. We are looking forward to working with the management and employees of Hetsco in continuing to identify opportunities for both organic growth and complementary acquisitions."
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