August 15, 2017

May River Capital and MECA Solutions Acquire Industrial Engraving

August 15, 2017 — MECA Solutions, a portfolio company of May River Capital, announced it has acquired Industrial Engraving (“IE”) ( Headquartered in Pulaski, Wisconsin, IE manufactures and services embossing rolls and embossing machines for use in the paper, foil, tissue, non-woven, and film industries. This first add-on for MECA complements the company’s existing roll business and provides additional platform diversification with attractive customers and end-markets.

Steve Griesemer, May River Partner, said “Industrial Engraving is incredibly well positioned within the market for embossing technology and engraving services. IE has an unmatched reputation for quality, and we are excited about the contributions the business will bring to the broader MECA platform.”

Johnson Bank provided senior debt financing in support of the acquisition. Northstar Capital provided mezzanine debt financing and co-invested equity in support of the acquisition. Godfrey & Kahn, S.C. served as legal counsel to May River and its investor group, while McCarty Law LLP served as counsel to the company and its shareholders.


May River Capital is a Chicago-based private equity firm focused on investing in lower middle-market industrial growth companies. May River invests in high-quality industrial growth businesses, including precision manufacturing, engineered products, specialized industrial services, and value-added industrial distribution businesses. For more information, please visit


Industrial Engraving is a manufacturer and servicer of embossing rolls and embossing machines for us in the paper, foil, tissue, non-woven, and film industries. For more information on Industrial Engraving, please visit


MECA is a manufacturer and engineering provider of tight tolerance machined components, such as carbon fiber, steel, stainless steel and aluminum cylinders, gears, composite flexographic plate and bridge sleeves, aluminum and carbon fiber anilox sleeves, and mechanically engraved cylinders for the industrial, packaging, flexographic printing, coating and converting industries. For more information on MECA, please visit

Chip Grace

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