CHICAGO, September 13, 2021 / PRNewswire / – Capital of the May River announced today that its holding company Hunt Valve has been acquired by Fairbanks Morse Defense, a holding company of Arcline Investment Management.
Acquisition of May River Capital Flush valve in 2015. Since then, the leadership of May River Capital and Hunt Valve have resulted in substantial business growth through a combination of organic initiatives, supported by May River Capital’s continued investment in talent projects and of physical capital, as well as the success of a targeted group purchasing and construction strategy leading to the integration of three complementary complementary acquisitions. Today, Hunt Valve is a leading established supplier of complex flow control and electromechanical actuator solutions for United States and Canadian naval platforms.
May River Capital has partnered with its Executive Resource Group member, Brad Sterner, at the time of initial acquisition. Sterner first served as CEO of Hunt Valve, then as Executive Chairman, and brought significant flow control experience to the platform through his tenure at several leading industrial companies. Sterner commented, “It has been a pleasure working with the Hunt Valve team and May River Capital to develop an industry leading supplier to the US Navy and its major shipbuilders. We are proud of what Hunt Valve has accomplished, and look forward to its future under the ownership of Fairbanks Morse Defense and Arcline Investment Management. “
May River Capital has also recruited Charles Ferrer to serve as CEO of Hunt Valve. Ferrer and the rest of Hunt Valve’s management team will continue to serve after the transaction. Ferrer said, “Our excellent partnership with May River Capital over the past five years has not only fueled our growth, but has also positioned us well for the next stage of development. We continued to focus on meeting customer expectations, particularly in managing growth in our end market and focusing on quality and delivery. Our clients continue to be excellent partners and we are delighted to be part of the Fairbanks Morse Defense and Arcline Investment Management team which will further enhance our ability to deliver the highest quality solutions to our clients. “
Steve Griesemer, a partner at May River Capital, said, “The expansion and modernization of the US Navy’s fleet requires well-capitalized suppliers who can make the investments in human and physical capital necessary to meet the needs of the US Navy. and major shipbuilders. By improving and professionalizing the core business of Hunt Valve. and the acquisition of three highly strategic add-ons, we are proud to have created a leading supplier of valves and actuators to support the objectives of the US Navy. We are certain that Fairbanks Morse Defense and Arcline Investment Management are the right partners for the leadership of Hunt Valve to continue this growth. “
Harris williams served as principal financial advisor to May River Capital in connection with the transaction, with Duff and Phelps providing additional financial advisory services. Paul Hastings was legal counsel to May River Capital.
About May River Capital
May River Capital is a ChicagoPrivate equity firm based on investing in lower-mid-sized industrial growth companies. May River Capital invests in high quality industrial growth companies including precision manufacturing, engineering products and instrumentation, specialty industrial services and value-added industrial distribution services.
For more information, please visit mayrivercapital.com.
About Hunt Valve
Hunt Valve is a long-time manufacturer of mission-critical valves and actuators used in the highest priority submarines, aircraft carriers, surface combatants and other maritime defense platforms. The company has facilities at Ohio and Montreal, which manufactures proprietary valve and actuator technologies for major shipbuilders and the US and Canadian navies.
For more information, please visit huntingvalve.com.
SOURCE Mai River Capital