M&A Deal Summary

May River Capital Acquires NSL Analytical Services

On January 15, 2020, private equity firm May River Capital acquired test/measurement equipment company NSL Analytical Services

Acquisition Highlights
  • This is May River Capital’s 2nd transaction in the Test/Measurement Equipment sector.
  • This is May River Capital’s 10th transaction in the United States.
  • This is May River Capital’s 3rd transaction in Ohio.

M&A Deal Summary
Date 2020-01-15
Target NSL Analytical Services
Sector Test/Measurement Equipment
Buyer(s) May River Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

NSL Analytical Services

Cleveland, Ohio, United States
website
NSL Analytical Services is an independent, commercial materials testing laboratory. NSL Analytical services comprise a broad spectrum of analytical testing for quality control, failure analysis, product performance, and material selection and characterization including 3D Metals Material Testing, Inorganic Trace Element Analysis, 3D Metals Material Testing Inorganic Trace Element Analysis Metallurgical Evaluations Mechanical Testing Microscopy Evaluations Lead, and Phthalates Testing.

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Buyer(S) 1

Buyer

May River Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2012
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

May River Capital is a Midwest US-based private equity firm focused primarily on control investments in profitable mid-sized companies located throughout North America. The Firm targets management buyouts, divestitures, recapitalizations, and ownership succession situations. Prospective companies generally have at least $3 million of EBITDA and valued up to $150 million. Sectors of interest include manufacturing, distribution, energy services, industrial, and non-branded consumer goods. May River Capital was founded in 2012 and is based in Chicago.

DEAL STATS #
Overall 10 of 15
Sector (Test/Measurement Equipment) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 4 of 7
State (Ohio) 3 of 3
Country (United States) 10 of 15
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-04 Marion Process Solutions

Marion, Iowa, United States

Marion Process Solutions manufactures industrial mixers and blenders, as well as microwave vacuum drying systems, for customers in the food, nutraceutical, mineral, plastic, chemical, and biomass industries. Marion Process Solutions was founded in 1938 and is based in Marion, Iowa.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-08 PaperTech

Bingham Farms, Michigan, United States

PaperTech is a manufacturer of paperboard packaging products for major food brands, contract food packagers, food service operations, as well as for commercial bakeries, quick-serve restaurants, and “take-and-bake” pizza companies. PaperTech was founded in 1999 and is based in Bingham Farms, Michigan.

Buy -
Mergr

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