M&A Deal Summary

May River Capital and Northstar Capital Acquire Advanced Material Processing

On September 4, 2019, private equity firm May River Capital and mezzanine finance firm Northstar Capital acquired machinery company Advanced Material Processing

Acquisition Highlights
  • This is May River Capital’s 8th and Northstar Capital’s 6th transaction in the Machinery sector.
  • This is May River Capital’s 9th and Northstar Capital’s 89th transaction in the United States.
  • This is May River Capital’s 3rd and Northstar Capital’s 9th transaction in Illinois.

M&A Deal Summary
Date 2019-09-04
Target Advanced Material Processing
Sector Machinery
Buyer(s) May River Capital
Northstar Capital
Deal Type Consolidation

Target

Advanced Material Processing

Chicago, Illinois, United States
Advanced Material Processing is an operator of a new platform company focused on material processing equipment for such sectors as food and beverage, pharmaceutical, nutraceutical, and chemical. Advanced Material Processing was founded in 2019 and is based in Chicago, Illinois.

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Buyer(S) 2

Buyer

May River Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

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 9 of 16
Sector (Machinery) 8 of 10
Type (Consolidation) 2 of 3
State (Illinois) 3 of 4
Country (United States) 9 of 16
Year (2019) 1 of 1
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
2020-01-15 NSL Analytical Services

Cleveland, Ohio, United States

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. NSL Analytical Services was founded in 1945 and is based in Cleveland, Ohio.

Buy -
Buyer

Northstar Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 93 of 109
Sector (Machinery) 6 of 9
Type (Consolidation) 3 of 4
State (Illinois) 9 of 11
Country (United States) 89 of 104
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-31 Paradigm Electronics

Mississauga, Ontario, Canada

Paradigm Electronics, Inc. is a manufacturer of loudspeakers and audio-video components, sold under the Paradigm® and Anthem™ brand names. Paradigm sells through independent dealers (retailers and custom installers) in the U.S. and Canada and through independent distributors internationally.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-15 Specified Fittings

Bellingham, Washington, United States

Specified Fittings LLC is a manufacturer and distributor of polyvinyl chloride (PVC) and high-density polyethylene (HDPE) pipe fittings. Specified Fittings was founded in 1997 and is based in Bellingham, Washington.

Sell -
Mergr

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