August 1, 2019

Northstar Capital invests in Advanced Material Processing

MINNEAPOLIS — Northstar Capital (“Northstar”), a provider of junior capital for middle market private equity transactions, is pleased to announce its investment in Advanced Material Processing, a portfolio company of May River Associates (“May River”).

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.

Kason has more than 50 years of experience as a global leader in designing and manufacturing screening, drying, cooling and processing equipment and systems, with worldwide compliance with the most stringent safety, quality and sanitary standards and regulations. The company is headquartered in Milburn, NJ with offices in Canada and the U.K as well as a global network of sales reps. The company serves a range of industries including food, pharmaceutical, chemical, plastic, energy, minerals, aerospace and defense. For more information, visit Kason.

Founded in 1938, Marion Process Solutions is dedicated to delivering custom-manufactured processing solutions to companies in the food, nutraceutical, mineral, plastic, chemical and biomass industries. With process solutions in over 75 countries on 6 continents, serving hundreds of global Fortune 1000 companies, the Marion brand serves as the standard of excellence in the material handling industry.

Northstar provided subordinated debt and an equity co-investment to help May River finance the deal. The Northstar team remains committed to partnering with strong management teams and private equity sponsors in both good and challenging times.