May River Capital Invests in Boston Centerless

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.

Guardian Capital Partners Acquires Precision Roll Solutions from May River Capital

June 1, 2022

Manufacturing

Guardian Capital Partners completed an investment to acquire Precision Roll Solutions (PRS), a Green Bay–headquartered provider of highly engineered precision rolls and related process componentry. The transaction transfers control from May River Capital (with Cornerstone exiting its remaining stake); PRS management will remain in place and retain a meaningful ownership position as Guardian supports accelerated growth.

May River Capital Acquires Marion Process Solutions

January 10, 2019

Manufacturing

Chicago-based private equity firm May River Capital has completed the acquisition of Marion Process Solutions, a Marion, Iowa manufacturer of industrial mixers, blenders and microwave vacuum drying systems. The deal—terms undisclosed—transfers ownership from longtime owners Barry Boyer and Jim Hoke to May River, which intends to use Marion as the first building block of a new materials processing solutions platform and to support the company’s growth under existing management.

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 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.

MITAR Private Capital Acquires Micromatic LLC from Forest Hill Partners

September 17, 2024

Manufacturing

MITAR Private Capital, an Indianapolis-based private equity firm, has acquired Micromatic LLC, a Berne, Indiana manufacturer of rotary vane actuators, waste tippers and automation assembly systems, from Forest Hill Partners. Financial terms were not disclosed; Forest Hill Partners had owned Micromatic since 2005 and nearly tripled its revenues and earnings during its 19-year ownership.