May River Capital Launches May River ERG

May River Capital Launches May River ERG

Manufacturing Technology Insights | Monday, July 12, 2021

May River Capital announces that it had launched May River ERG, LLC (May River ERG), an affiliate of May River Capital, LLC.

FREMONT, CA: May River Capital, a Chicago-based private equity firm, has announced that it had launched May River ERG, LLC (May River ERG), an affiliate of May River Capital, LLC. Members of May Rivers Executive Resource Group, the company's operating partner network, will make up the new affiliate.

May River ERG also announced that it has teamed up with Rahul Deshmukh to find, acquire, and establish a platform for engineered products and instrumentation. Deshmukh has served in senior P&L management positions with Dover Corporation, Emerson, and Monsanto. He was also the CEO of Flow Dry Technology, Inc.

May River Capital intends to employ other CEOs-in-Waiting, and select existing portfolio company CEOs and leadership teams to May River ERG in the coming years to utilize proven executives across several May River investment platforms.

Deshmukh has approximately 30 years of experience as a leader in various global enterprises. He has a track record of adding value to organizations through his strategic planning and operational abilities.

"Our partnership with Rahul represents a compelling opportunity to pursue an executive-led strategy within the engineered products and instrumentation segments of the lower middle-market industrial complex, said Chip Grace, Partner at May River Capital.  

"As a CEO-in-Waiting within May River ERG, Rahul will be heavily involved in all phases of a new platform investment, which we believe is the most optimal and preferred approach to launching a new platform," Grace added.

"It's been a pleasure collaborating with Rahul over the past nine months and we are pleased to have him formally join our Executive Resource Group, which has attracted experienced operating executives who come from world-class organizations and institutions," said Steve Griesemer, Partner at May River Capital.  

"Rahul will work with our core team to identify and evaluate new opportunities, assist with existing platform investments, and, in the case of this executive-led strategy, take a leadership role in a new platform company," added Griesemer.

"I am excited to partner with May River Capital in the development of a new engineered products and instrumentation platform," said Deshmukh. "My prior experience in rapid transformation of global businesses in the broad industrial segment will be fully leveraged as I partner with May River Capital to identify, acquire and operate a new platform business," he added.

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