Lower-middle-market private equity firm MPE Partners bought Gainesville, Ga.-based Cantrell Machine Co. Inc.
Cantrell makes equipment and systems for the poultry processing industry. It will be merged with Gainco Inc., which is owned by MPE portfolio company Bettcher Industries Inc., a developer and maker of equipment for food processing, food service, industrial, medical and other industries.
MPE and Bettcher partnered with Cantrell leaders Dane Woods and Tony Rice, who will continue in their roles.
BakerHostetler was legal adviser to MPE, which targets manufacturing and industrial services with EBITDA between $5 million and $20 million.