M&A Deal Summary

ProVeyance Acquires Ashland Conveyor Products

On September 22, 2022, ProVeyance acquired manufacturer Ashland Conveyor Products

Acquisition Highlights
  • This is ProVeyance’s 1st transaction in the Manufacturing sector.
  • This is ProVeyance’s 2nd transaction in the United States.
  • This is ProVeyance’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2022-09-22
Target Ashland Conveyor Products
Sector Manufacturing
Buyer(s) ProVeyance
Deal Type Add-on Acquisition
Advisor(s) MelCap Partners LLC (Financial)

Target

Ashland Conveyor Products

Ashland, Ohio, United States
website
Ashland Conveyor Products is a manufacturer and provider of conveyor systems and related parts and accessories. The Company manufactures a complete offering of conveyor systems, including i) gravity conveyor systems, which consist of roller, skatewheel, and telescoping conveyors, and ii) power conveyors, which include power belt and chain-driven live roller conveyors. Ashland Conveyor also provides a significant variety of accessories and replacement parts. Serving hundreds of customers per year, Ashland Conveyor’s material handling customer base spans a variety of markets, including e-commerce order fulfillment, distribution, and retail. Ashland Conveyor Products was founded in 1987 and is based in Ashland, Ohio.

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Buyer(S) 1

Buyer

ProVeyance

Holland, Ohio, United States

website

Category Company
Sector Manufacturing
DESCRIPTION

ProVeyance is a manufacturer of advanced conveyance components and subsystems for package and material handling applications through two branded companies. ProVeyance is based in Holland, Ohio.

DEAL STATS #
Overall 2 of 2
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Ohio) 2 of 2
Country (United States) 2 of 2
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-22 Woodsage

Holland, Ohio, United States

Woodsage manufactures and markets specialty steel rollers and other components used in conveyor system solutions across the material handling industry. Woodsage was founded in 1975 and is based in Holland, Ohio.

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