The Pritzker Group has acquired Intersystems, a manufacturer of material handling equipment used in the agriculture industry. The entire Intersystems management team invested alongside The Pritzker Group and will continue to lead the company.
Intersystems is a designer and manufacturer of specialized material handling equipment serving the agriculture industry. The company’s product portfolio includes en-masse and enclosed belt conveyors, bucket elevators, bulk weighers, truck probes, grain samplers, gravity screeners, distributors, micro ingredient systems, and bolted bin systems. The company was founded in 1959 and is based in Omaha (www.intersystems.net).
“We see great opportunities for Intersystems in the world grain and feed markets,” said Tom Schroeder, Intersystems chief executive officer. “The resources of The Pritzker Group will ensure our continued growth by helping us add new products and services to better meet the needs of our customers.”
The Pritzker Group’s middle-market investment team acquires North American-based companies with enterprise values between $75 and $400 million, focusing on businesses with leading positions in the manufactured products, healthcare, and services sectors. The firm’s middle-market and venture capital teams have acquired or invested in more than 100 companies over the past decade. The Pritzker Group is based in Chicago (www.pritzkergroup.com).
“Intersystems has grown significantly under Tom and his team’s stewardship, and we are proud to partner with them,” said Michael Barzyk, vice president of The Pritzker Group. “Intersystems serves as a great example of our strategy to invest in leading companies serving the global agricultural market.”
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-16-13