May River Capital acquires and merges Advanced Material Processing and Automated Handling Solutions, creating Akona Process Solutions

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May River Capital is a private equity investment firm based in Chicago and founded by three partners seeking to help lower middle-market, high-caliber industrial businesses grow and thrive. With roots in family-owned industrial companies and over 50 years of combined industry experience to draw upon, our specific industry focus creates value for all constituencies – employees, investors, customers, and suppliers. As we are often one of the first institutional investors in our portfolio companies, we work closely with management to make fundamental operational and strategic changes that catalyze future growth. These initiatives may involve implementing new technology, modernizing and optimizing operations, and/or considering add-on acquisitions to augment organic growth. Since 2012, May River Capital has raised approximately $500M in committed capital and has invested in 11 platform companies, as well as completed 16 add-on acquisitions