M&A Deal Summary

May River Capital Acquires Cashco

On November 13, 2024, private equity firm May River Capital acquired manufacturer Cashco

Acquisition Highlights
  • This is May River Capital’s 1st transaction in the Manufacturing sector.
  • This is May River Capital’s 16th transaction in the United States.
  • This is May River Capital’s 1st transaction in Kansas.

M&A Deal Summary

Date 2024-11-13
Target Cashco
Sector Manufacturing
Buyer(s) May River Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Houlihan Lokey (Financial)

Target

Cashco

Ellsworth, Kansas, United States
Cashco is a designer, manufacturer, and servicer of a broad line of industrial control products. Cashco was founded in 1920 and is based in Ellsworth, Kansas.

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Buyer(S) 1

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 16 of 18
Sector: Manufacturing M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 9
State: Kansas M&A 1 of 1
Country: United States M&A 16 of 18
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-27 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-11 RLE Technologies

Fort Collins, Colorado, United States

RLE Technologies is a provider of critical facility oversight and notification. RLE has delivered facility monitoring and leak detection technologies that prevent disasters, preserve our customers’ reputations, and provide peace of mind. RLE Technologies was founded in 1984 and is based in Fort Collins, Colorado.

Sell -