May River Capital has acquired Spiroflow, a material handling equipment provider and control systems integration provider. Sprioflow will be housed in May River’s new platform company, Automated Handling Solutions, along with Cablevey Conveyors, which May River acquired in December 2021.
Spiroflow offers handling equipment and complementary automation services in the industry, including screw conveyors, bulk material filling and integrated control services. Cablevey Conveyors is a conveyor manufacturer that designs, engineers, assembles and services tubular drag cable and disc conveyor services.
“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,” said May River partner Steve Griesemer. “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.”
Winston & Strawn served as legal counsel to May River. BDO, Capital Advisors LLC served as financial advisor, while Shumaker, Loop & Kendrick LLP served as legal counsel to Spiroflow and its shareholders.