Milton Street Capital Forms ProVeyance Group by Acquiring Woodsage and Ashland Conveyor Products

Vance Street Capital Acquires Pro-Vision

September 26, 2024

Manufacturing

Los Angeles-based private equity firm Vance Street Capital has acquired Pro-Vision, a Grand Rapids, Michigan provider of mobile video hardware, installation services, and a Video-as-a-Service (VaaS) platform for commercial fleets, K-12 transit and public safety customers. The transaction is Vance Street’s first platform investment out of Vance Street Capital IV and will fund product development, commercial expansion and potential M&A; terms were not disclosed and debt financing was provided by Barings.

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).

Milton Street Capital Acquires Woodsage LLC

December 16, 2021

Manufacturing

Houston-based private equity firm Milton Street Capital has acquired Woodsage LLC, a Holland, Ohio manufacturer of specialty steel rollers and conveyor components. The acquisition is a platform investment to expand Milton Street's presence in material handling and capitalize on growth driven by e-commerce, automation, and distribution infrastructure needs.

Proviso Capital Acquires Merchandising Partners, LLC

May 21, 2021

Packaging

Proviso Capital acquired Merchandising Partners, LLC, a North Granby, Connecticut-based full-service provider of point-of-sale displays, custom fabrication and packaging fulfillment; the deal closed May 21, 2021. Generational Equity advised the seller, and Proviso said it will provide capital and strategic resources to support the company's growth.

Westbourne Capital Partners and Samson Investment Partners Invest in Proos Manufacturing

November 10, 2020

Manufacturing

Westbourne Capital Partners, alongside Samson Investment Partners and several family office investors, completed a strategic growth investment in Proos Manufacturing to support the company's expansion in the e-commerce fulfillment and material handling markets. Management, led by CEO Bryan Howard, will remain in place as the company invests in engineering talent, capability expansion and geographic growth.

Pillsman Partners, Banyan Investment Partners and Pine Street Capital Recapitalize SST Conveyor

December 22, 2014

Manufacturing

Pillsman Partners, Banyan Investment Partners and Pine Street Capital Partners have completed a recapitalization investment in SST Conveyor, the conveyor components division of SST Bearings (Loveland, Ohio). SST Bearings and its shareholders retain a significant ownership stake and will continue operational oversight; the investment is intended to fund growth initiatives and improve service to the company’s material-handling and distribution customers.