This is the second of Evolve’s portfolio companies in which Praesidian has invested within the last year.
Meheen Manufacturing provides carbonated beverage bottling machines that fill and cap glass and aluminium bottles. Its founder – engineer and former brewer Dave Meheen – designed the ‘Merlin’ bottling machine for the growing craft brewing industry and has expanded into other industries.
“We are excited to welcome Praesidian and Evolve Capital as partners,” said Meheen. “With their support, we can build our management and sales teams and take our company to the next level.”
According to Ryan Shultz, partner of Evolve Capital, “This company has tremendous upside. We are glad to partner again with Praesidian on another unique transaction.”
Source: Meheen Manufacturing
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