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Announced

Completed

Thomas H. Lee Partners completed the merger of MHS and Fortna.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Merger

Acquisition

Diversified Industrials

automation solutions

engineering services

United States

Domestic

Friendly

Private

Single Bidder

Majority

Private Equity

Completed

Synopsis

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Thomas H. Lee Partners, an American private equity firm, completed the merger of MHS, a global provider of material handling automation technology and systems integration, and Fortna, a software and solutions provider for warehouse and distribution. THL remains the majority owner of the combined company and Abu Dhabi Investment Authority acquired a significant minority stake. Financial terms were not disclosed. “Fortna has been a trusted advisor driving competitive advantage for our clients as they build direct-to-consumer models, increase service levels, and enable a lower cost to serve. The combination with MHS will enable the model to scale with our clients globally and allow the combined company to drive further innovation in operating models, software, and automation," Rob McKeel, Fortna CEO.

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