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Announced

Completed

High Road Capital Partners-backed John Henry Foster Minnesota completed the acquisition of HTE Technologies.

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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Friendly

Private

United States

industrial automation

Completed

Domestic

Private Equity

Machinery: Industrial

Acquisition

Majority

Single Bidder

Synopsis

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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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