May River Capital, a Chicago-based private equity firm focused on lower middle market industrial growth companies, announced that it has acquired Cablevey Conveyors, a global manufacturer of tubular drag conveyor systems based in Oskaloosa, Iowa. Cablevey specializes in enclosed conveyance systems, with installations in more than 65 countries. The company’s technology is known for food-safe, efficient, and low-energy consumption performance for some of the most demanding applications in the material handling sector.
“Cablevey’s focus on solving conveyance application challenges using our proprietary cable drag technology, and the resulting dramatic growth has positioned the company as an anchor asset to build a larger conveyance platform,” said Cablevey CEO Gary Hall. “The additional investments now possible with May River allow us to continue to increase market share with existing and top tier customers in our core food and beverage sectors, including tree nuts, coffee and pet food, as well as expand in other growth markets like pharmaceuticals.”