Investment Summary

Boyne Capital and Capitala Group Invest In McNish

On May 20, 2025, private equity firm Boyne Capital and asset manager Capitala Group invested in manufacturer McNish

Investment Highlights
  • This is Boyne Capital’s 4th and Capitala Group’s 6th transaction in the Manufacturing sector.
  • This is Boyne Capital’s 28th and Capitala Group’s 99th transaction in the United States.
  • This is Boyne Capital’s 1st and Capitala Group’s 5th transaction in Illinois.

Investment Summary

Date 2025-05-20
Target McNish
Sector Manufacturing
Investor(s) Boyne Capital
Capitala Group
Deal Type Stake Purchase

Target

McNish

Aurora, Illinois, United States
McNish is a provider of primary and secondary process equipment for the water and wastewater treatment industries. The Company goes to market under three distinct brands, Walker Process Equipment, Amwell, and E&I Corporation. McNish is headquartered in Aurora, Illinois.

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Investor(S) 2

Investor

Boyne Capital

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Boyne Capital is a Florida-based investment group focused on smaller businesses with at least $2 million in cash-flow. Boyne targets companies in the US and Canada. Sectors of interest include niche manufacturing, specialty services (IT, healthcare, financial), value-added distribution, wastewater, 'next generation' energy, and restaurants. Boyne prefers control positions and will consider a variety of transaction situation, including buyouts, recapitalizations, divestitures, add-on acquisitions, and growth financings. Boyne Capital was formed in 2006 and is based in Miami, Florida.


DEAL STATS #
Overall 29 of 29
Sector: Manufacturing M&A 4 of 4
Type: Stake Purchase M&A Deals 2 of 2
State: Illinois M&A 1 of 1
Country: United States M&A 28 of 28
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-27 Blue Monkey

Boston, Massachusetts, United States

Blue Monkey is a locally based, family-owned, and operated beverage and snack company in Canada and the United States. Blue Monkey is based in Boston, Massachusetts.

Buy -
Investor

Capitala Group

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1998
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Capitala Group is an asset manager that provides equity and mezzanine capital to mid-sized companies valued up to $250 million. Funds are generally used to support growth needs, add-on acquisitions, management/leveraged buyouts, and recapitalizations. Capitatala will invest across the US, but generally targets opportunities located in the Southeast. Industry preferences include building products, business services, consumer/reteail, general industrial, healthcare, and technology. Prospective companies typically have revenues greater than $10 million and EBITDA of at least $3 million. Capitala was formed in 1998 and is headquartered in Charlotte, North Carolina.


DEAL STATS #
Overall 100 of 100
Sector: Manufacturing M&A 6 of 6
Type: Stake Purchase M&A Deals 4 of 4
State: Illinois M&A 5 of 5
Country: United States M&A 99 of 99
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-19 Stonewall Group

Lafayette, Louisiana, United States

Stonewall Group is a strategic buyer of lower middle-market architecture and engineering brands across the United States. Stonewall Group is based in Lafayette, Louisiana.

Buy -