Grand Rapids, MI – June 17, 2024: Investment bank Charter Capital Partners (“Charter”) is pleased to announce its role as exclusive financial advisor to Mol Belting Systems (“Mol”) in the sale of substantially all its assets to Belt Power, LLC (“Belt Power”), a full-service distributor and fabricator of belting and components for lightweight conveyor systems. The transaction was led by Mark Streekstra, Partner and Managing Director and supported by Justin Pinto, Vice President and Michael Pohl, Associate. This is Charter’s second transaction in the industrial conveyer belting and components sector in the past 12 months.About the TransactionFounded in 1986 and based in Grand Rapids, MI, Mol is a second-generation, family-owned fabricator and distributor of conveyor belts and power transmission products and accessories. Mol’s technical fabrication capabilities and extensive product offering further bolster Belt Power’s position in the conveyor belting system solutions market.“We are excited to join forces with the Mol team that has a legacy of innovation in the belting industry for over 38 years. The combination of our strong cultures and investments in our business creates an awesome opportunity for us to further develop leading edge solutions to address our customers’ ever evolving requirements,” said Belt Power CEO, Don Heitmeier.“We are thrilled for the opportunity to partner with the Belt Power team,” said John McMullin, Vice President of Sales at Mol. “We are excited to leverage the broader capabilities now available through Belt Power. At Mol, our focus was on finding solutions for our customers, and we are confident that this partnership aligns with that solutions-focused approach and will allow us to better serve the needs of our customers and to pursue additional growth opportunities.”“Mol has been a premier player in the conveyer belting systems solutions market for a very long time, and we were focused on helping them find a partner who would help accelerate the growth trajectory the company has been on the past few years,” said Mark Streekstra, Partner and Managing Director at Charter. “Belt Power’s already established customer base and national sales network provides the perfect vehicle for that continued growth. We are excited to see where this partnership is going and were thrilled to help another family-owned business in our local Grand Rapids, MI market.”About Mol BeltingFounded in 1986 and based in Grand Rapids, MI, Mol is a fabricator and distributor of process conveyor belting systems, conveyor accessories and power transmission products. https://www.molbelting.com/About Belt PowerHeadquartered in Marietta, GA, with 20+ facilities strategically located across the U.S., Belt Power is the industry’s largest, independent distributor and fabricator of conveyor system components, including conveyor belts, equipment, accessories, power transmission, rubber hose and gasket products. The Company sells to a diverse set of end markets with a focus on the food, packaging, industrial and material handling segments. Belt Power supports the high touch needs of its customers and acts as a value-added partner by offering rapid 24/7 on-site installation, maintenance and repair services to maximize uptime and productivity for mission critical automation applications. https://www.beltpower.com/About CharterFounded in 1989, Charter Capital Partners is an investment banking firm serving the middle market, offering merger and acquisition advisory expertise in business sale and acquisition, capital raise, business valuation and succession planning. Our goal is to deliver superior investment banking services to business owners throughout the complete business lifecycle. The Charter team helps corporations, family-owned businesses, private equity groups and family offices optimize transitions from acquisition through growth to eventual sale. www.chartercapitalpartners.com.Broker-dealer services conducted through M&A Securities Group, Inc. Member FINRA/SiPC, a separate entity from Charter Capital Partners.