M&A Deal Summary

May River Capital Acquires Tusk Industrial

On April 2, 2025, private equity firm May River Capital acquired manufacturer Tusk Industrial from CECO Environmental

Acquisition Highlights
  • This is May River Capital’s 2nd transaction in the Manufacturing sector.
  • This is May River Capital’s 18th transaction in the United States.
  • This is May River Capital’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2025-04-02
Target Tusk Industrial
Sector Manufacturing
Buyer(s) May River Capital
Sellers(s) CECO Environmental
Deal Type Divestiture
Advisor(s) EC M&A (Financial)

Target

Tusk Industrial

Telford, Pennsylvania, United States
Tusk Industrial specializes in tough, high-performance pumping and fluid handling solutions engineered to excel in rugged environments – ensuring reliability where failure isn’t an option. Tusk Industrial designs, manufactures, and services metallic, fiberglass, and thermoplastic pumps for usage within a diverse range of high-temperature, corrosive, and caustic industrial environments, including chemical processing applications. Tusk Industrial is based in Telford, Pennsylvania.

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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 18 of 18
Sector: Manufacturing M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 18 of 18
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-15 Automated Handling Solutions

Chicago, Illinois, United States

Automated Handling Solutions is a provider of automation solutions, as well as specialized material handling equipment such as enclosed conveyor systems. AHS’ products serve customers in regulated end markets such as food and beverage, pharmaceutical, nutraceutical, specialty chemical, and general industrial processing. Automated Handling Solutions is based in Chicago, Illinois.

Sell -

Seller(S) 1

SELLER

CECO Environmental

Dallas, Texas, United States

Category Company
Founded 1869
Sector Environmental
Employees1,200
Revenue 558M USD (2024)
DESCRIPTION

CECO Environmental is an environmental technology company focused on critical solutions in the air pollution control (APC), energy and fluid handling, and filtration industries. CECO Environmental was foundedin 1869 and is based in Dallas, Texas.


DEAL STATS #
Overall 4 of 4
Sector: Manufacturing M&A 4 of 4
Type: Divestiture M&A Deals 4 of 4
State: Pennsylvania M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-29 Profire Energy

Lindon, Utah, United States

Profire Energy is a burner management technology and combustion control systems that provide mission-critical combustion automation and control solutions and services to improve environmental efficiency, safety and reliability for industrial thermal applications globally. Profire Energy is based in Lindon, Utah.

Buy $125M