Consolidation • Manufacturing

Milton Street Capital Acquires ProVeyance

On September 22, 2022, private equity firm Milton Street Capital acquired manufacturer ProVeyance

Acquisition Context
  • This is Milton Street Capital’s 1st transaction in the Manufacturing sector.
  • This is Milton Street Capital’s 5th transaction in the United States.
  • This is Milton Street Capital’s 2nd transaction in Ohio.

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M&A Deal Summary

Date September 22, 2022
Target ProVeyance
Sector Manufacturing
Buyer(s) Milton Street Capital
Deal Type Consolidation

Target Company

ProVeyance

Holland, Ohio, United States
ProVeyance is a manufacturer of advanced conveyance components and subsystems for package and material handling applications through two branded companies. ProVeyance is based in Holland, Ohio.
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Buyer Overview 1

Buyer

Milton Street Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2016
PE ASSETS 1.1B USD
Size Large
Type Sector Focused
DESCRIPTION

Milton Street Capital is a private equity firm focused on acquiring profitable, middle-market industrial companies throughout North America. Prospective transaction types include family owned buyouts, corporate divestitures, and complex situations. The Firm looks to be a hands-on partner, working with management to transform and improve investee companies. Milton Street Capital was established in 2016 and is based in Houston, Texas.


Deal Context for Buyer #
Overall 5 of 6
Sector: Manufacturing 1 of 1
Type: Consolidation 1 of 1
State: Ohio 2 of 2
Country: United States 5 of 6
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-22 Woodsage

Holland, Ohio, United States

Woodsage manufactures and markets specialty steel rollers and other components used in conveyor system solutions across the material handling industry. Woodsage was founded in 1975 and is based in Holland, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-04 Purge Rite

Willis, Texas, United States

PurgeRite provides mechanical flushing, purging, and remediation services for closed-loop hydronic HVAC and geothermal systems. The Company works with industries such as data centers, healthcare, industrial facilities, and district energy providers to ensure system efficiency and cleanliness. PurgeRite was founded in 2008 and is headquartered in Willis, Texas.

Buy -