Announced
Completed
Synopsis
May River Capital, a private equity firm, completed the acquisition of Spiroflow, a manufacturer of conveyor and bulk bag fillers catering, and Cablevey Conveyors, a manufacturer of tubular drag cable and disc conveyor systems. Financial terms were not disclosed. “We are thrilled to welcome Spiroflow and Cablevey to the May River portfolio. We see an extraordinary opportunity to invest and grow these market-leading brands under one platform. With these foundational assets, we expect to further accelerate the profitable growth both Spiroflow and Cablevey have seen during the past several years. The specialty conveying sector is a high growth segment serving attractive end markets. Under the new platform, Cablevey and Spiroflow are uniquely positioned to serve this growing demand and build upon their track records of delivering innovative solutions to global customers," Steve Griesemer, May River Partner.
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