Ackley Machine Corporation

Private | Sale | R-V Industries

Manufacturer of precision printing, laser marking, laser drilling, and visual inspection systems for the pharmaceutical industry

Case

Delancey Street Partners is pleased to announce that Ackley Machine Corporation (“Ackley” or the “Company”) has been acquired by R-V Industries (“R-V”), a portfolio company of Prospect Capital Corporation (NASDAQ: PSEC). Delancey Street Partners served as exclusive financial advisor to Ackley, managed a competitive process, and negotiated the terms of the transaction.

June 2023
Ackley Machine Corporation
Sale to R-V Industries, a portfolio company of Prospect Capital Corporation (NASDAQ: PSEC)
Sector: Healthcare / Industrial & Industrial Technology
Delancey Street Partners served as the exclusive financial advisor to Ackley Machine Corporation

Delancey Street Partners is pleased to announce that Ackley Machine Corporation (“Ackley” or the “Company”) has been acquired by R-V Industries (“R-V”), a portfolio company of Prospect Capital Corporation (NASDAQ: PSEC). Delancey Street Partners served as exclusive financial advisor to Ackley, managed a competitive process, and negotiated the terms of the transaction.

About

June 2023
Ackley Machine Corporation
Sale to R-V Industries, a portfolio company of Prospect Capital Corporation (NASDAQ: PSEC)
Sector: Healthcare / Industrial & Industrial Technology
Delancey Street Partners served as the exclusive financial advisor to Ackley Machine Corporation

Situation

Founded in 1976, Ackley Machine Corporation is a manufacturer of precision printing, laser marking, laser drilling, and visual inspection systems used by the global pharmaceutical industry for the production of solid dosage tablets and hard-shell and softgel capsules. The Company also provides printing and ancillary equipment to the confectionary industry.

Ackley’s brand is recognized globally for engineering excellence, innovation, and quality. The Company’s products are sophisticated electromechanical systems used in highly-regulated and high-volume production environments and play a critical role in maximizing product throughput and yield. Ackley has sold more than 1,000 machines in over 40 countries worldwide.

Founded in 1974, R-V Industries is a leading industrial equipment supplier. R-V’s industrial equipment solutions help produce many well-known consumer products and services, creating a better life for people around the world. Through organic growth and strategic acquisitions, R-V serves a diverse set of customers across biotechnology, chemical, food & beverage, life sciences, nuclear waste, oil & gas, paper & pulp, pharmaceutical, and power generation industries. R-V is ranked as a top-25 U.S. fabricator by Fabtech magazine.

Delancey Street Partners is an independent, industry-focused investment bank. We serve CEOs, Entrepreneurs, Shareholders and Boards of Directors of high growth and middle market private and public companies. Our services include strategic advisory, capital raising and independent board advice. We advise on sell-side and buy-side M&A, growth capital financings, and recapitalizations. Our focus sectors include Healthcare, Industrial & Industrial Technology, Business & Technology Services, and Infrastructure. We form long-term partnerships with our clients and commit to managing each engagement with senior professionals who bring years of experience and insight.

For additional information about this transaction, please contact:

B. Andrew Schmucker

Managing Partner Phone: (484) 533 – 6313

B. Andrew Schmucker

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