August 9, 2016 — Private equity firm May River Capital, an investor in lower middle-market industrial growth businesses, has completed its acquisition of MECA Solutions (“MECA”) (www.mecagb.com). Terms were not disclosed.
MECA Solutions represents the first acquisition that will form a new engineered products platform by May River. Paul Schulz, a member of May River’s Executive Resource Group, will serve as Executive Chairman of the platform. This is the second May River investment platform involving Schulz, whose prior career included leadership roles with Webex and Packaging Corporation of America.
MECA, based in Green Bay, Wisconsin, is a manufacturer of tight tolerance sleeves, machined components, and rolls used in the packaging, flexographic printing, and web converting sectors.
Steve Griesemer, May River Partner, said “We were immediately drawn to MECA’s unique manufacturing capabilities and processes, its strong customer relationships, and the mission critical nature of MECA’s products.” Chip Grace, also a May River Partner, added “May River is pleased to be selected to partner with MECA, and we look forward to assisting the team in realizing MECA’s full potential in the years to come.”
Johnson Bank provided senior debt financing in support of the recapitalization. Northstar Capital provided mezzanine debt financing and co-invested equity in support of the recapitalization. Paul Hastings LLP served as legal counsel to May River and its investor group, while Davis & Kuelthau, s.c. served as counsel to the Company and its shareholders.
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 MECA SOLUTIONS
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 www.mecagb.com.