CenterGate Capital to invest in Naumann/Hobbs Material Handling.

CenterGate Capital, private equity investment firm, has made an investment in Naumann/Hobbs Material Handling, a material handling equipment platform with a comprehensive suite of products and services. Financial terms were not disclosed. “We are excited about our partnership with CenterGate and it will allow us to continue to provide exceptional service to our customer base. CenterGate’s investment will provide us the capital and strategic resources to continue to grow our market presence and geographic reach.” Tom Hobbs, CEO, Naumann/Hobbs.