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May River Capital, a prominent Chicago-based private equity firm, has announced the establishment of a new flow control platform, further solidifying its position in the industrial growth sector. This strategic move aligns with the firm's focus on investing in high-performing companies specialized in advanced manufacturing, engineered products, and instrumentation.

Introduction to May River Capital's New Platform

May River Capital recently unveiled its latest venture by acquiring the Global Pump Solutions business from CECO Environmental Corp., which includes renowned brands such as Dean, Fybroc, and Sethco. These brands will now operate under the parent company, Tusk Industrial, enhancing May River's portfolio in the flow control sector.

Tusk Industrial Overview

Tusk Industrial specializes in designing, manufacturing, and servicing metallic, fiberglass, and thermoplastic pumps designed for use in high-temperature, corrosive, and caustic industrial environments. These environments include chemical processing applications where reliability is crucial. Under the leadership of President & GM Ming Cheung, Tusk Industrial has expanded to over 100 employees and serves more than 1,500 customers globally across locations in Telford, Pennsylvania, and Indianapolis, Indiana.

“Partnering with May River marks an exciting milestone for our company,” said Ming Cheung, President & GM of Tusk Industrial. He noted that this partnership unlocks opportunities for growth, capability expansion, and delivering greater value to customers. This collaboration is poised to elevate Tusk Industrial's standing in the market.

Expansion in Flow Control Sector

May River Capital's foray into flow control began with strategic investments aimed at strengthening its presence in this critical sector. The acquisition of Cashco, a well-established provider of pressure management solutions such as regulators, control valves, and tank safety equipment, further underscores the firm's commitment to growth.

Cashco Acquisition Highlights

• Cashco Products: Offer mission-critical accuracy, reliability, and safety in process flow control across diverse industries including industrial gas, specialty chemicals, pharmaceuticals, food & beverage, and petrochemicals.
• Global Reach: Headquartered in Ellsworth, Kansas, with operations in Houston, Texas, and outside Berlin, Germany.
• Leadership: President Clint Rogers and his team will continue to lead Cashco under May River's ownership.

“Cashco represents a high-quality business to serve as a growth platform for May River,” stated Rahul Deshmukh, May River’s operating executive, who will transition to CEO and executive chairman of Cashco. This partnership is set to leverage Cashco's established position to drive innovation and expansion.

Strategic Growth Plans

May River Capital's strategy involves significant investments in new products, expansion into new markets, and strategic acquisitions. These efforts are designed to enhance Tusk Industrial's capabilities and deliver greater value to its customer base. Similarly, Cashco's acquisition positions it for growth through organic expansion and complementary mergers.

Key Growth Drivers

• Innovative Solutions: Developing high-performance, durable fluid solutions for critical industrial processes.
• Market Expansion: Entering new markets and enhancing existing market presence through strategic investments.
• Collaborative Growth: Encouraging cross-pollination and sharing best practices across portfolio companies to address common challenges.

Trends in Flow Control Sector

The flow control sector is experiencing a surge in demand for advanced solutions that ensure safety and efficiency in industrial processes. May River Capital's establishment of Tusk Industrial and its strategic acquisitions like Cashco are aligned with these trends:

• Industrial Automation: Increasingly important for maximizing operational efficiencies.
• Customizable Solutions: Tailoring processing and handling solutions to meet specific industrial needs.
• Safety and Reliability: Ensuring robust performance in harsh environments.

Challenges and Opportunities

• Rugged Environments: Meeting the challenge of operating effectively in corrosive and caustic conditions.
• Global Demand: Leveraging opportunities for growth in a globally interconnected market.
• Technological Innovation: Embracing advancements in materials science and engineering to develop superior products.

Conclusion

May River Capital's strategic establishment of the Tusk Industrial platform and its investments in flow control solutions underscore its commitment to fostering growth in the industrial sector. With a focus on innovative products, expanded market reach, and strategic partnerships, May River is positioned to drive significant advancements in flow control technology and services.

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