3 Rivers Capital Acquires Majority Stake in Gaven Industries, Inc.

3 Rivers Capital Acquires Magnum Systems from Blue Sage Capital

February 14, 2023

Manufacturing

Pittsburgh-based private equity firm 3 Rivers Capital has acquired Magnum Systems, a Lenexa, Kansas-based designer and manufacturer of material handling and packaging systems. Patriot Capital and SharpVue Capital provided debt and equity financing for the transaction; seller was Blue Sage Capital, which exits after a prior 2016 investment. The deal supports 3 Rivers' entry into industrial automation and will expand Magnum's engineering, project management, and product capabilities.

3 Rivers Capital Acquires Majority Stake in Blue Chip Group

December 1, 2021

Food & Beverage

Pittsburgh-based private equity firm 3 Rivers Capital has acquired a majority stake in Salt Lake City–headquartered Blue Chip Group, parent of the Augason Farms emergency preparedness food brand. The investment is intended to provide capital and operational support to expand Blue Chip's dry food and beverage contract manufacturing capacity and scale Augason Farms' retail and e-commerce distribution.

Guardian Capital Partners Completes Majority Recapitalization of Flat River Group

December 18, 2019

E-Commerce

Guardian Capital Partners (Guardian) invested in Flat River Group, a Belding, Michigan–based eCommerce distributor, partnering with the company's executive management team in a majority recapitalization. Centerfield Capital Partners provided additional financing and minority equity, with CIBC Bank USA providing senior financing; Guardian and management plan to grow the business through investments in infrastructure, capabilities and add-on acquisitions.

3 Rivers Capital Acquires Interlight

August 6, 2019

E-Commerce

Pittsburgh-based private equity firm 3 Rivers Capital has acquired Interlight, a family-owned online distributor of specialty and replacement light bulbs and batteries headquartered near Chicago. 3 Rivers Capital plans to partner with Interlight's existing management (the founder's three sons), install ecommerce veteran Jeffry Graham as CEO, and support growth through strategic and operational collaboration.

MavenHill Capital Acquires Gasser & Sons

November 7, 2018

Manufacturing

MavenHill Capital, a lower middle market private equity firm, has acquired Gasser & Sons, a family-owned precision metalforming and component manufacturing business based in Commack, New York. The transaction transfers ownership from the Gasser family to MavenHill and positions the firm to continue and expand Gasser & Sons' capabilities serving medical, defense, communications and industrial end markets.

Grouse Ridge Capital Acquires RG Steel as Part of Joint Venture

May 31, 2013

Manufacturing

Grouse Ridge Capital has acquired RG Steel through a joint-venture transaction, according to a 7 Mile Advisors announcement. The deal was completed with support from a 7 Mile banker and positions Grouse Ridge to expand its manufacturing footprint.