CHICAGO– November 9, 2020 – May River Capital, a Chicago-based private equity firm focused on lower middle-market industrial growth companies, announced today that it has appointed Brad Sterner as Chief Executive Officer of Advanced Material Processing (AMP), its platform focused on material processing equipment for such sectors as food and beverage, pharmaceutical, nutraceutical and chemical. Mr. Sterner was previously Executive Chairman of AMP, which consists of Kason Corporation and Marion Process Solutions.
“During the pandemic, AMP has aggressively responded to industry needs and as a result, has experienced significant growth serving its food, pharmaceutical, nutraceutical and industrial customers,” said Steve Griesemer, Partner, May River Capital. “We are proud of the hard work and dedication of the AMP team and we look forward to continued growth of the platform, both organically and through acquisitions. Brad Sterner has been a terrific partner to May River for many years and he has deep experience in the highly fragmented material processing equipment sector. Combining Brad’s experience with the existing talented team will drive organic growth, and his experience integrating new operations positions us well for further complementary acquisitions,” Griesemer added.
Sterner most recently served as CEO of May River’s Hunt Valve platform and he will continue to serve as Executive Chairman of Hunt Valve’s Board of Directors, while he takes the helm of the AMP platform as CEO.