Platte River Equity buys Tallman Equipment Company
The transaction creates a platform in utility distribution around lineman tools, rentals, repair, testing and fabrication services for field crews.
Takeaways
- Tallman Equipment is a supplier of tools, equipment and services for electric utility and linework industries.
- Platte River Equity is acquiring Tallman Equipment.
- The business serves electric utility and linework industries.
Platte River Equity acquired Tallman Equipment Company, supplier of tools, equipment and services for electric utility and linework industries.
Founded in 1952 and headquartered in Columbus, Indiana, Tallman serves electric utility, transmission and distribution, contractor, municipal and linework customers.
The company provides rentals, tool repair and refurbishment, fiberglass testing and refurbishment, groundset and jumperset manufacturing, rope fabrication, rubber goods and other field support services.
"This is a growth partnership built around continuity," said Charlie Vicari, CEO of Tallman.
Terms were not disclosed; Platte River plans to invest in inventory, service capabilities, operational strength and customer experience, and the deal is the firm’s 100th acquisition since its 2006 founding.
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