May River Capital Acquires Cashco as Flow Control Solutions Platform

May River Capital Acquires CECO's Global Pump Solutions to Form Tusk Industrial

April 2, 2025

Manufacturing

May River Capital has acquired CECO Environmental’s Global Pump Solutions (GPS) business — including the Dean, Fybroc and Sethco pump brands — for an enterprise value of approximately $110 million in cash, closing March 31, 2025. May River will organize the acquired brands under a newly formed platform, Tusk Industrial, and partner with the existing management team to invest in product development, market expansion and potential add-ons; CECO will use proceeds to pay down debt and fund growth initiatives.

May River Capital Acquires Cablevey Conveyors

December 22, 2021

Manufacturing

Chicago-based private equity firm May River Capital has acquired Cablevey Conveyors, the Oskaloosa, Iowa manufacturer of tubular drag conveyor systems. The deal closed on Dec. 22 (Cablevey’s 50th anniversary); Cablevey will continue operating in Oskaloosa while May River plans to invest to grow market share in food & beverage, pharmaceuticals and other regulated end markets and pursue synergies with a sister platform, Advanced Material Processing (AMP).

May River Capital Acquires Spiroflow to Form Automated Handling Solutions (AHS)

October 3, 2022

Manufacturing

Chicago-based private equity firm May River Capital acquired Spiroflow and combined it with Cablevey Conveyors to create Automated Handling Solutions (AHS). Northstar Capital provided junior debt and an equity co-investment to help finance the transaction; Spiroflow will continue operating under existing leadership to drive growth across food, pharmaceutical, nutraceutical and specialty chemical end markets.

May River Capital Acquires PaperTech

December 8, 2020

Packaging

May River Capital, a Chicago-based private equity firm, has acquired PaperTech, a Findlay, Ohio manufacturer of sustainable, dual-ovenable paperboard trays and bowls serving the frozen food and foodservice markets. PaperTech has nearly 200 employees and produces over 500 million trays annually; founder Larry Epstein will retire (remaining a shareholder) while co-founder Al Fotheringham will remain as a shareholder and continue as Chief Development Officer.

May River Capital Acquires Unibloc Pump

January 7, 2021

Manufacturing

May River Capital, a Chicago-based private equity firm, has acquired Unibloc Pump, a Kennesaw, Georgia-based manufacturer of sanitary positive displacement pumps, valves, strainers and related flow-control equipment. The deal positions Unibloc to accelerate growth initiatives and expand capacity while founder Harry Soderstrom remains with the company as Chief Growth Officer.

May River Capital Acquires RLE Technologies

November 30, 2023

Industrial Services

May River Capital, a Chicago-based private equity firm, has acquired RLE Technologies, a Fort Collins, Colorado provider of facility environment monitoring, fluid leak detection, and airflow management products. The acquisition—structured as a platform investment—will keep RLE's management team in place and positions May River to grow RLE's presence in data center and critical facilities monitoring.