Press Releases

September 3, 2019
New material processing equipment platform signals growth in sector.  CHICAGO – May River Capital (May River) a Chicago-based private equity firm focused on lower middle market industrial growth companies, announced today that it has established Advanced Material Processing (AMP), a new platform company focused on material processing equipment for such sectors as food and beverage, pharmaceutical, nutraceutical and chemical. Concurrently, May River completed the acquisition of Kason Corporation, which will be a part of AMP, along with May River’s existing portfolio company, Marion Process Solutions.   “AMP is an exciting new platform for May River,” said May River’s Partner, Chip Grace. “Material processing equipment is a highly fragmented sector. Combining industry leading, complementary material processing equipment manufacturers will allow us to advance engineering capabilities, in addition to providing other synergies. Our...

January 8, 2019
MARION, Iowa – Private equity firm May River Capital completed acquisition of Marion Process Solutions (“Marion” or “the company”) on December 31, 2018.  Marion manufactures industrial mixers and blenders, as well as microwave vacuum drying systems, for customers in the food, nutraceutical, mineral, plastic, chemical and biomass industries. The company was founded in 1938 in Marion, Iowa, and operated as Marion Mixers before changing its name to better represent its range of custom-manufactured processing solutions.   Former company owners, Barry Boyer and Jim Hoke, owned and grew the business for more than 20 years before deciding to sell it to May River in order to position the company for enhanced growth. Marion will continue operations under its current name, and Marion’s CEO, Lee Eilers, will continue to head...