Maranon Capital L.P. said Wednesday that it completed a mezzanine investment in Action Fabricators Inc. to support River Associates Investments LLC’s buy of the company. Maranon also co-invested in the equity alongside River Associates. Grand Rapids, Michigan-based Action is a flexible materials converting company.
CHICAGO–(BUSINESS WIRE)–Maranon Capital, L.P. today announced the completion of a mezzanine investment to support the acquisition of Action Fabricators, Inc. by River Associates Investments, LLC. Maranon also co-invested in the equity alongside River Associates.
Action Fab is a premier converter of custom designed flexible materials, including custom made tapes, adhesives, non-adhesive backed foams and other specialty materials. The Company partners with a wide range of customers in a variety of industries producing innovative, custom products designed to minimize cost and maximize the efficiency of material in the customer’s production process. More information about Action Fab is available at www.actionfab.com.
About Maranon Capital
Maranon Capital, L.P. is an alternative investment management firm focused on private credit investments in middle market companies. Maranon’s competitive edge is its multi-product strategies that span the balance sheet with value-added financing and equity co-investments. Since 2008, Maranon has raised $1.5 billion of institutional capital across private funds and managed accounts. For more information about Maranon Capital please visitwww.maranoncapital.com.
About River Associates
River Associates Investments, LLC is a private equity firm based in Chattanooga, Tennessee that focuses exclusively on investing in the lower middle-market and has partnered closely with management teams for over 25 years. Since its founding in 1989, River Associates has initiated over 75 transactions, many of which have been strategic add-on acquisitions to platform companies. The partners at River Associates have collectively worked together for over one hundred years. Additional information about River Associates can be found at www.riverassociatesllc.com.