Dunes Point Capital has formed Hy-Tek Holdings to acquire Hy-Tek Material Handling and WorldSource Integration. Both companies are active as integrators of material handling systems. Hy-Tek and WorldSource provide new and used material handling equipment and integration services – including design, engineering, and installation – to the e-commerce, third-party logistics, and parcel processing sectors. Hy-Tek…...
material handling equipment
CenterGate Invests in Naumann/Hobbs
CenterGate Capital has made an investment in Naumann/Hobbs, a provider of material handling equipment and services. Naumann/Hobbs’ products include electric and internal combustion forklifts; pallet racks, conveyors, and industrial shelving units; and replacement parts with more than 50,000 parts in stock for all makes and models of equipment. The company also provides 24/7 equipment maintenance…...
New State Exits Central Conveyor
New State Capital Partners has sold Central Conveyor Company to U.S. Tsubaki Holdings, a wholly owned subsidiary of Tsubakimoto Chain, for approximately $140 million. Central Conveyor Company is a designer and installer of material handling and storage retrieval systems used by companies that are active in the automotive, parcel & logistics, and warehouse & distribution…...
THL Keeps Building MHS
Material Handling Systems, a portfolio company of Thomas H. Lee Partners, has agreed to acquire VanRiet Material Handling Systems, a portfolio company of Avedon Capital Partners. VanRiet designs, integrates, installs, and maintains automated sorting equipment used in courier, express and parcel services, e-commerce, and warehouse & distribution applications. The company, led by Chairman and CEO…...
Duravant Acquires QC Industries
Duravant, a maker of equipment used in the food processing, packaging and material handling sectors, has acquired QC Industries, a maker of conveyor systems. Warburg Pincus acquired Duravant in June 2017 from Odyssey Investment Partners which acquired the company in May 2013. QC Industries is a manufacturer of conveyor systems, specializing in low profile conveyor…...
