MelCap Partners served as Ashland Conveyor’s exclusive investment banker and financial advisor in the sale of the business. In an effort to provide the shareholders with liquidity, and to continue to support Ashland Conveyor’s strategic growth plans, MelCap Partners was able to successfully identify the best partner for the business. As a result, Ashland Conveyor was sold to Woodsage in Holland, OH, a portfolio company of Milton Street Capital, which is headquartered in Houston, TX. Woodsage principally manufactures and markets specialty steel rollers and other components used in conveyor system solutions across the material handling industry. Milton Street Capital is a private equity firm focused on control investments in the North American lower middle market industrial sector.
