Announced
Completed
Financials
Sources
Tags
Friendly
Private
United States
industrial automation
Completed
Domestic
Private Equity
Machinery: Industrial
Acquisition
Majority
Single Bidder
Synopsis
High Road Capital Partners-backed John Henry Foster Minnesota, a strategic collection of engineers, support and service teams, compressed air experts, and automation and robotics solutions provider, completed the acquisition of HTE Technologies, an automation supplier operating in Kansas, Missouri, and Illinois. Financial terms were not disclosed. “We are thrilled to welcome HTE to our team as this acquisition is a pivotal moment for both JHFOSTER and HTE. More than just the combination of two companies, adding HTE to our group of businesses will help bolster our collective capabilities and enhance the customer experience by providing access to more robust resources, products, and solutions,” Nicholas W. Martino, JHFOSTER CEO.
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