December 1, 2015 — Private equity firm May River Capital, an investor in lower middle-market industrial growth businesses, has completed its acquisition of Hunt Valve (www.huntvalve.com). Terms were not disclosed.
Hunt Valve represents the first acquisition that will form a new global fluidics engineering platform by May River.
“Hunt Valve is our first step toward building a platform of engineered products, components and service businesses to solve the toughest fluidics application challenges for customers in the metals, energy, process, transportation, government and infrastructure market sectors,” explained May River Capital Partner Chip Grace.
“We are excited to partner with Brad Sterner as our platform leader and President/CEO of Hunt Valve,” added May River Capital Partner Steve Griesemer. “Brad is a lean-process, results-oriented operating executive with a history of transforming engineering businesses in ways that deliver outstanding results.”
“We could not be more pleased to have Hunt Valve as our initial investment,” said Sterner. “The company’s management team has done an outstanding job of building a great business serving a variety of industrial blue chip customers, along with naval boat contractors Electric Boat and Huntington Ingalls Industries, and the U. S. Navy. It is a privilege to have the opportunity to work with the Hunt team, its customers and suppliers to accelerate the company’s profitable growth.”
May River Capital partnered on the investment with Bratenahl Capital, a Cleveland-based family office, other family offices as co-investors, and Maranon Capital, who provided mezzanine debt and an equity co-investment. Fifth Third Structured Finance Group provided senior debt financing.
ABOUT MAY RIVER CAPITAL
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 www.mayrivercapital.com.
ABOUT HUNT VALVE
Hunt Valve brings nearly 100 years of fluid power engineering innovations and solutions to a wide range of industrial and military customers. It specializes in severe-duty valves and complementary engineered components and system solutions for applications that include primary metals (steel, aluminum), energy (nuclear, hydro, downstream oil & gas), process (chemical), and U. S. Navy nuclear-powered vessels, including all submarines and carriers in operation as well as the Virginia Class, Ford Class, and Columbia Class. For more information, please visit www.huntvalve.com.