M&A Deal Summary

May River Capital Acquires RLE Technologies

On November 30, 2023, private equity firm May River Capital acquired technology hardware company RLE Technologies

Acquisition Highlights
  • This is May River Capital’s 1st transaction in the Technology Hardware sector.
  • This is May River Capital’s 15th transaction in the United States.
  • This is May River Capital’s 1st transaction in Colorado.

M&A Deal Summary
Date 2023-11-30
Target RLE Technologies
Sector Technology Hardware
Buyer(s) May River Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Integris Partners Ltd. (Financial)
Coan, Payton & Payne (Legal)

Target

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 formed in 1984 and is based in Fort Collins, Colorado.

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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 15 of 16
Sector (Technology Hardware) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 7 of 8
State (Colorado) 1 of 1
Country (United States) 15 of 16
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-07 Boston Centerless

Woburn, Massachusetts, United States

Boston Centerless is a manufacturer and distributor of precision materials. BC provides precision metal bar for medical, dental, aerospace, defense, and other mission-critical end market application. Boston Centerless was founded in 1958 and is based in Woburn, Massachusetts.

Buy -
FOLLOWING 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 -
Mergr

Product

Company

Legal