Private equity firm Platte River Equity has acquired Tallman Equipment Company — a Columbus, IN-based distributor of utility and linework products.
Tallman provides lineman tools, equipment and services for the electric utility, transmission and distribution, contractor, municipal and linework markets. The company’s offerings include tool and equipment sales, rentals, repair and refurbishment, along with testing and manufacturing services for utility field crews.
Tallman operates from locations in Columbus, IN; Addison, IL; and Lake City, FL.
“This is a growth partnership built around continuity,” Tallman CEO Charlie Vicari, said in a June 9 announcement. “Tallman’s customers can expect the same team, commitment to quality and practical, field-focused service they know today. With Platte River’s support, we’ll be better positioned to invest in inventory, service capabilities, operational strength and the customer experience.”
“This partnership gives us more room to grow without losing what makes Tallman different,” added Rick Laramie, Tallman President. “Our focus remains where it’s always been—making sure customers get the right tools, equipment and support so crews can work safely and efficiently.”
The firm said Tallman’s existing management team will remain involved with the business following the transaction.
Tallman adds to Platte River’s portfolio of industrial distribution and services businesses. The current other industrial distributor portfolio investments include Building Controls & Solutions, Tipco Technologies, Evolution Motion Solutions, Belt Power and MES Life Safety.
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