pic

Industrial is all we do.

Industrial is all we do.

May River Capital Team working together

Industrial is all we do.

Industrial is all we do.

Approach

Industrial is all we do.  Since our founding, our passion has remained constant for these businesses, leveraging the domain expertise and networks that we’ve built over our careers.

As we are often the first institutional investor in our portfolio companies, we work with management to achieve significant operational and strategic improvements that enable companies to reach their full potential.  We typically augment organic growth initiatives with add-on acquisitions that help provide scale to investment platforms, often diversifying product lines, customers, end-markets, and geographic presence.  Our Executive Resource Group is comprised of deeply experienced industry leaders who act as a force multiplier for our sourcing, diligence, business improvement, and leadership initiatives.

May River Capital is focused exclusively on differentiated lower middle-market, industrial growth businesses.

Criteria

$3M – $15M

EBITDA

$20M – $150M

ENTERPRISE VALUE

$15M – $75M

EQUITY INVESTMENT (INCLUDING ADD-ONS)

15% – 45%+

EBITDA MARGINS

CORE FOCUS AREAS
  • High-value manufacturing
  • Engineered products & instrumentation
  • Technical industrial services
  • Specialty industrial distribution
competitive characteristics icon
COMPETITIVE CHARACTERISTICS

We seek high-caliber companies that provide differentiated, specialized products or services to their customers.  Such products and services often require highly engineered content, unique manufacturing capabilities, specialized methods, market leadership, or significant intellectual property that are critical to the process and/or carry a high cost of failure.

core industrial sub-sectors icon
CORE INDUSTRIAL SUB-SECTORS

High-value manufacturing, engineered products and instrumentation, technical industrial services, and specialized industrial distribution businesses.

company scale icon
COMPANY SCALE

$20 to $150 million enterprise value; minimum of $10 million of revenue and $3 million of EBITDA.  Our buy and build strategies include active evaluation of complementary businesses as potential add-on acquisitions.

growth trends icon
GROWTH TRENDS

Benefiting from secular growth trends and / or mega-trends; GDP plus growth profiles.

Strategy

We focus on partnering with industrial companies with a strong track record, unique value proposition, and a desire to grow.  Central to our value creation strategy is taking lower middle-market companies from “minors-to-majors” by modernizing operations, adding key management talent, and implementing both near- and long-term strategies.

Our growth strategy is bolstered by our Executive Resource Group, whose members are industry experts, CEOs, and/or C-suite executives from our current portfolio companies as well as independently developed relationships.  They serve as force multipliers for all our objectives, whether it’s originating an actionable investment opportunity, shifting a go-to-market strategy, or helping deliver upon a key strategic initiative.