“Platte River Equity Announces the Sale of ACT Independent Turbo Services, Inc. to Doosan Heavy Industries & Construction”
Platte River Equity (“Platte River”) today announced the sale of its portfolio company, ACT Independent Turbo Services, Inc. (“ACT”), to Doosan Heavy Industries & Construction (KRX:000150) (“Doosan”).
Headquartered in Houston, Texas, and founded in 1996, ACT is a leading independent full-service gas and steam turbine repair company focused on large frame turbines for power and industrial end users. ACT provides component and rotor inspection and repair, as well as specialty coatings and field services. With over twenty years of experience, ACT has become a trusted service provider to leading power and industrial customers.
Bartlit Beck Herman Palenchar & Scott LLP served as legal counsel to Platte River. Kim & Chang and Thompson & Knight LLP served as legal counsel to Doosan.