CenterGate Invests in Naumann/Hobbs

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 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

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 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 […]

MML Sells PaR to Pohlad

MML Sells PaR to Pohlad

The Pohlad family has acquired PaR Systems, a maker of robotic automation and material handling equipment, from MML Capital Partners which acquired the company in July 2008 from American Capital. PaR’s robotic automation and material handling equipment are used in the aerospace, medical device, marine/defense, nuclear and industrial markets. The company’s products range from the […]