Formation of Advanced Material Processing and Acquisition of Kason Corporation


Winston & Strawn LLP served as legal counsel to May River and Abacus Finance Group, LLC, and Northstar Capital provided debt financing in support of the transaction. Hennepin Partners LLC served as financial advisor and Paul Hastings LLP served as legal counsel to Kason Corporation and its shareholders.

May River Capital (May River) a Chicago-based private equity firm focused on lower middle market industrial growth companies, has established Advanced Material Processing (AMP), a new platform company focused on material processing equipment for such sectors as food and beverage, pharmaceutical, nutraceutical and chemical. Concurrently, May River completed the acquisition of Kason Corporation, which will be a part of AMP, along with May River’s existing portfolio company, Marion Process Solutions.

Headquartered in Milburn, NJ, Kason has nearly 50 years of experience designing and manufacturing screening, drying, cooling and processing equipment. The company serves a range of industries including food, pharmaceutical, chemical, plastic, energy, minerals, aerospace and defense. Marion Process Solutions, an 80-year-old company based in Marion, IA, custom manufactures processing solutions with industrial mixers and blenders, as well as microwave vacuum drying systems. Marion focuses on food, nutraceutical, mineral, plastic, chemical and biomass industries.

The Winston team was led by Gregory J. Bynan (Picture) and Richard E. Ginsberg, and also includes Steve Flores, Robert Heller, Philip Ratner, Becky Troutman, Nick Usher, Sara Franklin, Adam Pretty, Stephanie Sebor, Alessandra Swanson, and Taylor Weaver.

Involved fees earner: Gregory Bynan – Winston & Strawn; Steve Flores – Winston & Strawn; Sara Franklin – Winston & Strawn; Richard Ginsberg – Winston & Strawn; Robert Heller – Winston & Strawn; Adam Pretty – Winston & Strawn; Philip Ratner – Winston & Strawn; Stephanie Sebor – Winston & Strawn; Alessandra Swanson – Winston & Strawn; Becky Troutman – Winston & Strawn; Nicholas Usher – Winston & Strawn; Taylor Weaver – Winston & Strawn;

Law Firms: Winston & Strawn;

Clients: May River Capital;

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Author: Ambrogio Visconti