Double E (River Associates Portfolio) Acquires Daven Manufacturing

Double E Group Acquires Converter Accessory Corporation (CAC)

July 8, 2025

Manufacturing

Double E Group, a global manufacturer of converting and material handling products, has acquired Converter Accessory Corporation (CAC), a specialist in web handling equipment and accessories. The acquisition expands Double E Group's platform and product portfolio—adding CAC's wrinkle removal, trim collection and air shaft solutions to its converting and material handling offerings.

Industrial Growth Partners Acquires Double E Company

June 21, 2022

Manufacturing

Industrial Growth Partners (IGP) acquired Double E Company, a West Bridgewater, Massachusetts-based manufacturer of web converting components and material handling equipment, from River Associates Investments. IGP partnered with Double E management and certain outside investors to create a platform to accelerate growth through strategic initiatives and add-on acquisitions; financial terms were not disclosed.

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

March 1, 2022

Manufacturing

Pittsburgh-based private equity firm 3 Rivers Capital has acquired a majority stake in Gaven Industries, Inc., a Saxonburg, Pennsylvania manufacturer of radio frequency (RF) and magnetic shielding for defense, industrial and medical clients. 3 Rivers Capital said it will expand Gaven's operational infrastructure and grow the company's client base to build on its existing market position.

DSi-Digital Acquires Manufacton

February 24, 2021

Cloud & SaaS

DSi-Digital, a holding company focused on the AEC market, acquired Manufacton, a production-control and workflow SaaS platform for construction firms. The acquisition pairs Manufacton's offsite production and materials management capabilities with DSi-owned ViZZ's 3D visualization and AI/digital-twin technology to create an end-to-end AEC lifecycle solution.

Double E Company Acquires Schlumpf

September 20, 2019

Manufacturing

Double E Company LLC, a portfolio company of River Associates Investments, acquired Schlumpf, Inc., a Windham, Maine-based manufacturer of roll and shaft material-handling equipment, in a transaction that closed September 20, 2019. The add-on expands Double E’s engineered roll- and shaft-handling product offerings and leverages Double E’s worldwide direct sales force to drive growth; terms were not disclosed.

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.