Prospect Partners and Schilling Ventures recap Cyclonaire

Prospect Partners and Schilling Ventures have recapitalized Cyclonaire. No financial terms were disclosed. Based in York, Nebraska, Cyclonaire is a provider of pneumatic conveying systems.

PRESS RELEASE

Prospect Partners, together with investment firm Schilling Ventures, LLC, and management, has recapitalized Cyclonaire Corporation (“Cyclonaire”), a global provider of pneumatic conveying systems.
Founded in 1973, Cyclonaire is a widely recognized leader in material handling, specializing in pneumatic conveying technology. Based in York, Neb., Cyclonaire offers custom-engineered and manufactured pneumatic conveying systems for the transfer of dry bulk materials. The company’s experience spans railcar unloading, locomotive track sanding, dust collection, automation, batching and blending, and aeration systems. Cyclonaire equipment moves hundreds of different kinds of powdered and granular materials, including cement, chemicals, food, minerals, petrochemicals, proppants, and sand. Customers occupy wide-ranging industries from building materials to chemical, energy, environmental, foundries, mining, rail, and rubber.
“With a stellar reputation, a superb management team, specialized technology, and significant continued growth potential, Cyclonaire stands out as a market leader in the fragmented pneumatic conveying industry,” said Maneesh Chawla, a Principal at Prospect Partners. “We look forward to supporting management in building a larger company in the broader material handling space and to partnering with Schilling Ventures, a skilled operator with a focus on lean manufacturing initiatives.”
Added Paul Golden, Managing Partner of Schilling Ventures: “I look forward to working with the experienced team at Prospect Partners, and to leveraging our complementary skill sets in helping Cyclonaire execute its business plan to great success.”
Going forward, Cyclonaire seeks to invest in select add-on acquisitions of other pneumatic conveying and material handling companies as well as in manufacturing automation and controls businesses.

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