May River Capital Buys Marion Process Solutions

May River Capital buys Marion Process Solutions.
Marion makes industrial mixers, blenders, and microwave vacuum dryers for the food, superfood, mineral, plastic, chemical, and biomass sectors.
Barry Boyer and Jim Hoke owned and grew the firm for decades ahead of agreeing to May River aligning Marion for enhanced growth. Marion continues operation under its current name and Lee Eilers continues to head the leadership team.
Chip Grace of May River Capital said: 'May River believes there's a terrific opportunity in front of Marion, and we’re excited to partner with management and help the company through its next phase of growth. The former owners and the senior leadership team have built a strong foundation at Marion through customer service and innovative, market-leading products. We aim to build on this foundation by providing financial and strategic resources to the management team and employees to help speed up the growth profile of the company.'
Marion is the first May River acquisition in creating a global materials processing and services platform.
Lee Eilers of Marion Process Solutions said: 'We’ve found the ideal partner in May River, who understands custom-engineered solutions and shares our passion for never sitting still. As we stay dedicated to enhancing our mixing, blending, and microwave technologies, we’re also serious about diversifying and expanding our capabilities to deliver best-in-class process solutions.'
Paul Hastings was legal counsel to May River Capital. Shuttleworth & Ingersoll was legal counsel to Marion Process Solutions. Billow, Butler & Company was the financial advisor to Marion Process Solutions.

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