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

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 Merges AMP and AHS to Form Akona Process Solutions

January 15, 2025

Manufacturing

May River Capital has merged its portfolio companies Advanced Material Processing (AMP) and Automated Handling Solutions (AHS) into a single platform rebranded as Akona Process Solutions, headquartered in Charlotte, North Carolina. The consolidated business unifies the Cablevey, Kason, Marion and Spiroflow brands to provide material processing and material handling equipment plus aftermarket parts and services for food & beverage, pharmaceutical, nutraceutical and chemical end markets.

May River Capital Acquires Cashco as Flow Control Solutions Platform

November 13, 2024

Manufacturing

May River Capital, a Chicago-based private equity firm, has acquired Cashco, a designer and manufacturer of pressure management and flow control products headquartered in Ellsworth, Kansas. Cashco will serve as May River's inaugural investment in a new Flow Control Solutions platform, with May River planning significant investments to grow the business organically and through add-on M&A while retaining Cashco's existing leadership.

Hy-Tek Holdings Acquires Advanced Handling Systems

December 21, 2021

Industrial Services

Hy-Tek Holdings, a portfolio company of Dunes Point Capital, has acquired Advanced Handling Systems (AHS), a material handling automation integrator based in Erlanger, Kentucky. AHS operates two U.S. facilities, employs about 90 people, and focuses on robotic solutions and full-service systems integration to serve end markets such as e-commerce, third-party logistics, and parcel.

May River Capital Forms Advanced Material Processing and Acquires Kason Corporation

August 1, 2019

Manufacturing

Chicago-based private equity firm May River Capital formed a new platform, Advanced Material Processing (AMP), and concurrently acquired Kason Corporation to be part of the platform alongside existing portfolio company Marion Process Solutions. Northstar Capital provided subordinated debt and an equity co-investment to finance the transaction. The deal aims to consolidate complementary material-processing equipment businesses to expand engineering capabilities and accelerate organic and acquisitive growth in hygienic process end markets.

VelocityEHS Acquires Spiramid

May 20, 2019

Software

VelocityEHS, a cloud-based EHS and sustainability software provider, acquired Spiramid to add an industrial hygiene (IH) software solution to its platform. Spiramid’s founders joined VelocityEHS and the product was rebranded as VelocityEHS Industrial Hygiene to expand the company’s IH and chemical management capabilities.