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  6. May River Capital Acquires Hunt Valve

M&A Deal Summary

May River Capital Acquires Hunt Valve

On December 1, 2018, private equity firm May River Capital acquired machinery company Hunt Valve from May River Capital, Bratenahl Capital Partners, Maranon Capital and Beverly Capital

Acquisition Highlights
  • This is May River Capital’s 6th transaction in the Machinery sector.
  • This is May River Capital’s 7th transaction in the United States.
  • This is May River Capital’s 2nd transaction in Ohio.
Investment Fate
  • Hunt Valve was sold to a strategic buyer in 2021.

M&A Deal Summary
Date 2018-12-01
Target Hunt Valve
Sector Machinery
Buyer(s) May River Capital
Sellers(s) May River Capital
Bratenahl Capital Partners
Maranon Capital
Beverly Capital
Deal Type Recapitalization

Target

Hunt Valve

Salem, Ohio, United States
Hunt Valve specializes in severe-duty valves and complementary engineered components and system solutions for applications that include primary metals (steel, aluminum), energy (nuclear, hydro, downstream oil & gas), process (chemical), and U. S. Navy nuclear-powered vessels, including all submarines and carriers in operation as well as the Virginia Class, Ford Class, and Columbia Class. Hunt Valve was founded in 1919 and is based in Salem, Ohio.

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Buyer(S) 1

Buyer

May River Capital

Chicago, Illinois, United States

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 7 of 16
Sector: Machinery M&A 6 of 10
Type: Recapitalization M&A Deals 3 of 3
State: Ohio M&A 2 of 3
Country: United States M&A 7 of 16
Year: 2018 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-12 Dickson

Addison, Illinois, United States

Dickson provides T&M instrumentation as well as related software tools and services. Dickson serves a diversified installed base of customers with a focus on highly regulated healthcare, pharmaceutical, food & beverage, and medical device end markets, which carry stringent environmental and quality control requirements. Dickson was founded in 1923 and is based in Addison, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-31 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.

Buy -

Seller(S) 4

SELLER

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 1 of 8
Sector: Machinery M&A 1 of 7
Type: Recapitalization M&A Deals 1 of 1
State: Ohio M&A 1 of 3
Country: United States M&A 1 of 8
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-12 Dickson

Addison, Illinois, United States

Dickson provides T&M instrumentation as well as related software tools and services. Dickson serves a diversified installed base of customers with a focus on highly regulated healthcare, pharmaceutical, food & beverage, and medical device end markets, which carry stringent environmental and quality control requirements. Dickson was founded in 1923 and is based in Addison, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-31 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.

Buy -
SELLER

Bratenahl Capital Partners

Investor Investor

Category Family Office
Founded 2003
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Bratenahl Capital Partners is a family-backed private investment group focused on fund as well as direct/co-investment opportunities. The Firm's direct investment practice seeks to commit $500K to $15 million in partnership with other funded or unfunded sponsors. Bratenahl does not have any sector preferences, but does prefer companies with diversified customers and experienced management in place. Bratenahl Capital Partners was formed in 2003 and is headquartered in Cleveland, Ohio.

DEAL STATS #
Overall 21 of 27
Sector: Machinery M&A 2 of 2
Type: Recapitalization M&A Deals 1 of 2
State: Ohio M&A 5 of 7
Country: United States M&A 17 of 23
Year: 2018 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-02 Radix Wire & Cable

Glenwillow, Ohio, United States

Radix Wire & Cable is a manufacturer of electrical wire and cable for high-performance applications - serving the industrial, commercial, fire protection, consumer, and oil & gas markets. Radix Wire & Cable was founded in 1944 and is based in Cleveland, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-14 Stancor Pumps

Monroe, Connecticut, United States

Stancor, Inc. is a designer and manufacturer of electric submersible pumps, controls and related replacement parts and accessories for critical heavy industrial applications in the mining, utility, commercial construction and wastewater industries. Stancor Pumps was founded in 1985 and is based in Monroe, Connecticut.

Sell -
SELLER

Maranon Capital

Chicago, Illinois, United States
Category Mezzanine Finance Firm
Founded 2007
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Maranon Capital is an investment firm that provides senior financing, mezzanine debt and equity co-investments for private equity backed and non-sponsored middle-market companies. Maranon seeks investments in financially healthy businesses with stable cash flows, diverse customers, and strong management. Areas of interest include business services, healthcare services, distribution, manufacturing and consumer products/services. Funds typically support acquisitions, recapitalizations, refinancings, consolidations, ESOPs and growth capital needs. Maranon Capital was formed in 2007 and is based in Chicago, Illinois. In 2019, Maranon Capital was acquired by asset management firm Eldrige.

DEAL STATS #
Overall 13 of 22
Sector: Machinery M&A 2 of 3
Type: Recapitalization M&A Deals 1 of 2
State: Ohio M&A 2 of 3
Country: United States M&A 13 of 22
Year: 2018 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-15 Atlantic Beverage

Edison, New Jersey, United States

Atlantic Beverage is a specialty importer and distributor of non-perishable food and beverage products to foodservice customers across the U.S. Operating for more than 30 years. Atlantic Beverage was founded in 1986 and is based in Edison, New. Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-03 HSI

Frisco, Texas, United States

HSI provides a comprehensive set of health and safety solutions to help its customers meet their training and compliance requirements. HSI offers more than 780 training courses for emergency care, workplace safety, health & safety services, and professional responders. HSI also provides hands-on training via 51,300 authorized affiliate instructors and 13,200 third-party training centers in the U.S. and Canada. HSI also offers a proprietary management system platform that tracks customers’ health & safety programs and employee compliance. HSI was founded in 1978 and is based in Frisco, Texas.

Sell -
SELLER

Beverly Capital

Park City, Utah, United States

Investor

Category Private Equity Firm
Founded 2010
Size Small
Type Sector Focused
DESCRIPTION

Beverly Capital LLC is a private investment firm that provides equity and mezzanine financing to lower middle market companies. Beverly targets profitable companies with $2 to $8 million of EBITDA. Areas of interest includes healthcare and outsourced business services. Prospective transaction situations include recapitalizations, minority growth investments, and strategic acquisitions. Beverly Capital LLC is based in Highland Park, Illinois.

DEAL STATS #
Overall 6 of 10
Sector: Machinery M&A 2 of 3
Type: Recapitalization M&A Deals 2 of 2
State: Ohio M&A 1 of 1
Country: United States M&A 5 of 9
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-04 Stepping Stones Group

Lafayette, Colorado, United States

Stepping Stones Group is a provider of therapeutic behavioral health services to a variety of public school districts and private learning centers. Stepping Stones Group is based in Lafayette, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-09 DecisionOne Dental

Schaumburg, Illinois, United States

DecisionOne Dental is a network of carefully curated dental professionals who value personal doctor-patient relationships and high-quality patient care. DecisionOne Dental was founded in 2012 and is based in Schaumburg, Illinois.

Sell -
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