Houlihan Lokey Advises Cashco

Houlihan Lokey is pleased to announce that Cashco has been acquired by May River Capital (May River). The transaction closed on October 2, 2024.

Cashco is the leading pressure management platform for critical flow control, regulators, and control value solutions for industrial applications globally. The company services a diversified array of end markets, including air separation, industrial, energy, pharmaceutical, semi-conductor, cryogenic, and food and beverage, working with more than 1,600 customers. The company also offers an extensive line of aftermarket accessories, which provides an attractive, complementary, and recurring revenue stream to its existing pressure management offering. The company has more than 150 employees and is headquartered in Ellsworth, Kansas, with additional facilities in Houston, Texas, and Hoppegarten, Germany (outside of Berlin).

May River invests in high-quality, lower-middle-market industrial businesses that have reached strategic, financial, or operational inflection points and stand to benefit from the firm’s hands-on approach. May River’s investment philosophy is predicated on creating value through operational improvements, implementing new strategic initiatives, or providing capital capable of accelerating the growth trajectory of the business. May River strives to make each of its portfolio companies best-in-class in their respective industry niche, and then to grow the businesses through both organic initiatives and strategic acquisitions.

Houlihan Lokey served as the exclusive financial advisor to Cashco and assisted in initiating, structuring, and negotiating the transaction on its behalf. This transaction builds on Houlihan Lokey’s successes and expertise in the flow control and industrial technologies sectors.

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