May River Capital Acquires Hunt Valve — Company Plans to Accelerate Growth in Core Military and Industrial Markets
Salem, OH – February 5, 2016 – Hunt Valve (www.huntvalve.com), a fluid power engineering company specializing in severe duty valves and components, was acquired by May River Capital. May River said this initial investment is part of a broader strategy to build a global fluidics engineering platform company.
“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 lower middle market private investment firm that seeks to invest its own capital as well as partner with like-minded equity co-investors. The company invests in high-quality industrial growth businesses with excellent management teams and the potential for significant growth and value enhancement. For more information, visit http://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 soon-to- be-in-production Ohio Replacement. To learn more about the Experts in Extreme Engineering, visit http://www.huntvalve.com.