Latest News
May River Capital Buys Industrial Mixer and Blender Maker Marion Process Solutions
Thursday 10 January 2019

10 January 2019 - US-based private equity firm May River Capital has completed the acquisition of industrial mixer and blender manufacturer Marion Process Solutions, the firm said.

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 a leadership team.

May River Capital is a Chicago-based private equity firm focused on investing in lower middle-market industrial growth companies. Marion represents the first acquisition by May River in its objective of forming a new global materials processing solutions and services platform.

Paul Hastings LLP served as legal counsel to May River, while Shuttleworth and Ingersoll, P.L.C. served as legal counsel to the company and its shareholders. Billow, Butler and Company, LLC acted as the exclusive financial advisor to the company and its shareholders.
Details
Date Published: 10/01/2019
Target: Marion Process Solutions
Country: USA
Sector: Machinery/Engineering
Type: LBO
Financing:
Status: Closed
Vendor:
Buyer: May River Capital
Buyer Advisor: Paul Hastings , Shuttleworth and Ingersoll , Billow, Butler and company
Comment:
Terms of the deal were not disclosed

Options