Tracked deals
56
56 tracked deals across 2016-2026.
Private Equity Firm
Industrial Services
May River Capital
Chicago, Illinois, United States
Chicago-based private equity firm investing in lower middle-market industrial businesses. The firm partners with management to implement strategic and operational initiatives and grow platforms through add-on acquisitions.
- Focus Areas
- Lower middle-market industrial growth investing, Advanced manufacturing, Engineered products
- Website
- mayrivercapital.com
Recent pace
6
6 tracked deals announced in the last 12 months.
Deal mix
Addon
37 addon · 14 buyout · 3 growth capital
May River Capital Acquisition Volume by Year
Last 8 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
Showing the 12 most recent of 56 tracked deals for May River Capital.
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- Buyer
- Edgewater Growth Capital Partners
- Target
- Parker Manufacturing Group
- Seller
- Robert Parker, Geoff Tumang
- Industry
- Industrial Services
- Location
- Arizona, United States
- Type
- Buyout
Edgewater Growth Capital Partners acquired Parker Manufacturing Group to build a leading platform of highly engineered fastening solutions. Parker’s co-founder Robert Parker and COO Geoff Tumang are expected to continue with the business, and Edgewater plans to support expansion through organic growth and strategic acquisitions.
-
- Buyer
- Cashco, May River Capital
- Target
- 3B Controls
- Industry
- Industrial Services
- Location
- United Kingdom
- Type
- Buyout
Cashco, a portfolio company of May River Capital, acquired UK-based 3B Controls. The deal expands Cashco’s pressure/vacuum relief, flame arresting, and gas blanketing product lineup and adds a UK production and service excellence hub to better serve EMEA customers.
-
- Buyer
- Edgewater Growth Capital Partners V, L.P.
- Target
- AFT Industries, Inc.
- Seller
- Johnny Rose
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Growth capital
Edgewater Growth Capital Partners V, L.P. (“Edgewater”) announced an investment in AFT Industries, Inc. (“AFT”), a Mansfield, Texas-based supplier of fasteners and industrial hardware with integrated metal finishing and electroplating/painting, plus kitting and distribution capabilities. The investment launches a new Edgewater platform aimed at scaling in the fragmented engineered fastener and value-added services sector through organic growth and strategic acquisitions.
-
January 29, 2026
- Buyer
- PaperTech, May River Capital, LLC
- Target
- Bake-Best Trays
- Industry
- Manufacturing
- Location
- Oregon, United States
- Type
- Buyout
PaperTech, based in Findlay, Ohio, has completed its acquisition of Bake-Best Trays, a pressed paperboard tray manufacturer headquartered in Redmond, Oregon. The deal expands PaperTech’s ovenable pressed paperboard tray offerings with features and microwave active susceptor solutions intended to improve browning and crisping for foodservice applications.
-
January 5, 2026
- Buyer
- Spartan Aerospace Group, The Edgewater Funds
- Target
- B&B Airparts
- Industry
- Aerospace & Defense
- Location
- Kansas, United States
- Type
- Buyout
Spartan Aerospace Group, a vertically integrated aerospace manufacturing holding company backed by The Edgewater Funds, acquired B&B Airparts. The acquisition closed on January 5, 2026.
-
November 11, 2025
- Buyer
- Boulden Holdings, LLC, Edgewater Growth Capital Partners V, L.P.
- Target
- Ace Precision Industries, Inc.
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Addon
Boulden Holdings, LLC, a portfolio company of Edgewater Growth Capital Partners V, L.P., has acquired Ace Precision Industries, Inc., a family-owned precision machining business based in Akron, Ohio. The acquisition adds precision machining and hydrodynamic bearing capabilities to Boulden's wear-components platform, increasing capacity and creating cross-selling opportunities across aerospace, medical and transit end markets.
-
September 18, 2025
- Buyer
- Silver State HVAC & Refrigeration, LLC, Edgewater Growth Capital Partners V, L.P. (The Edgewater Funds)
- Target
- Westaire Heating & Air Conditioning, Tri-Point Refrigeration, Inc., The Whitman Co., Atlantic Coast Restaurant & Mechanical Services, LLC
- Industry
- HVAC & Mechanical
- Location
- Florida, United States
- Type
- Addon
Silver State HVAC, a platform backed by The Edgewater Funds, acquired four regional commercial HVAC, refrigeration and mechanical service providers — Westaire (Ventura, CA), Tri-Point Refrigeration (Austin, TX), The Whitman Co. (Anaheim, CA) and Atlantic Coast Restaurant & Mechanical Services (Miami, FL). The add-on deals expand Silver State’s geographic footprint across the southern United States and enhance its capabilities in commercial HVAC, refrigeration, kitchen equipment installation and related mechanical services.
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August 12, 2025
- Buyer
- Silver State HVAC, Refrigeration & Plumbing, The Edgewater Funds
- Target
- The Whitman Company, Inc.
- Industry
- HVAC & Mechanical
- Location
- California, United States
- Type
- Addon
Silver State HVAC, Refrigeration & Plumbing has acquired The Whitman Company, Inc., a commercial HVAC service provider founded in La Mirada, California in 1985, to expand Silver State's Southern California footprint. The deal is an add-on to Silver State's platform (which is backed by The Edgewater Funds) and strengthens its commercial HVAC installation, maintenance and replacement capabilities across Los Angeles and Orange counties.
-
- Buyer
- Edgewater Growth Capital Partners V, L.P. (The Edgewater Funds)
- Target
- Boulden Company, Inc.
- Seller
- Brian Boulden
- Industry
- Manufacturing
- Location
- Pennsylvania, United States
- Type
- Buyout
Edgewater Growth Capital Partners V, L.P. (The Edgewater Funds) has made an investment in Boulden Company, Inc., a Conshohocken, Pennsylvania-based supplier of wear components and services for high-value reciprocating and rotating equipment. The investment launches a new Edgewater platform focused on aftermarket wear components, materials solutions, and services; Edgewater plans to scale the platform through organic growth and strategic add-on acquisitions while partnering with founder Brian Boulden and the existing management team.
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May 1, 2025
- Buyer
- Flow Control Management, Edgewater Growth Capital Partners V, L.P. (The Edgewater Funds)
- Target
- Aquatrol Inc.
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Addon
Flow Control Management (FCM), a holding company sponsored by The Edgewater Funds, has acquired Aquatrol Inc., a U.S. manufacturer of safety and pressure relief valves headquartered in Elburn, Illinois. The add-on expands FCM's valve product offering and capabilities in safety and pressure relief valves to support its flow-control platform.
-
- Buyer
- Silver State HVAC, Refrigeration & Plumbing, The Edgewater Funds
- Target
- Westaire Heating & Air Conditioning, Inc.
- Industry
- HVAC & Mechanical
- Location
- California, United States
- Type
- Addon
Silver State HVAC, Refrigeration & Plumbing (a portfolio company of The Edgewater Funds) has acquired Westaire Heating & Air Conditioning, Inc., a Ventura, California-based commercial HVAC and refrigeration services provider. The acquisition expands Silver State’s California footprint — complementing its Los Angeles and Sacramento operations — and adds technicians, installers and office staff to bolster commercial preventative maintenance, repair, installation and 24/7 emergency capabilities.
-
- Buyer
- May River Capital
- Target
- Global Pump Solutions (Dean, Fybroc, Sethco)
- Seller
- CECO Environmental Corp.
- Industry
- Manufacturing
- Location
- United States
- Type
- Divestiture
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.
Related Acquisition Pages
Manufacturing Buyers & Acquisitions
26 tracked deals by May River Capital.
Industrial Services Buyers & Acquisitions
8 tracked deals by May River Capital.
HVAC & Mechanical Buyers & Acquisitions
7 tracked deals by May River Capital.
Healthcare Services Buyers & Acquisitions
4 tracked deals by May River Capital.
Acquisitions in Ohio
6 tracked deals by May River Capital.
Acquisitions in Pennsylvania
5 tracked deals by May River Capital.
Acquisitions in Texas
5 tracked deals by May River Capital.
Acquisitions in California
3 tracked deals by May River Capital.
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