Daily News: September 10, 2019

Abacus Supports Advanced Material Acquisition of Kason


Abacus Finance Group served as administrative agent and sole lender for senior secured credit facilities to support the acquisition of Kason by Advanced Material Processing, a newly-formed May River Capital portfolio company.

“The transaction was handled smoothly and rapidly from the outset,” said May River Capital Founder Chip Grace. “We were impressed that the Abacus team knew both the material processing sector and the company. They were responsive, efficient, easy to work, and delivered on time as promised.”

May River Capital is a Chicago-based private equity firm focused on investing in lower middle market industrial growth companies. Both businesses are wholly owned by AMP.

Founded in 1967 and based in Millburn, NJ, Kason offers a wide selection of screening and processing equipment– from the most basic machines to the most sophisticated, high capacity systems.

Founded in 1938 and headquartered in Marion, IA, Marion Process Solutions is a designer and manufacturer of built-to-order custom process solution equipment and systems. Its core products include industrial mixers and blenders, as well as microwave vacuum drying systems, for customers in the food, nutraceutical, mineral, plastic and biomass industries.