Sale to Material Handling Systems, Inc.

Industrial
Sale to Material Handling Systems, Inc.

Summary

Baird served as the exclusive financial advisor to Van Riet Holding B.V. on this transaction

About

Van Riet Holding B.V. (“Van Riet” or the “Company”), a portfolio company of Avedon Capital Partners (“Avedon”), was recently acquired by Material Handling Systems, Inc. (“MHS”), a portfolio company of Thomas H. Lee Partners, L.P. (“Thomas H. Lee”). Terms of the transaction were not disclosed.

Van Riet is a global, fast-growing and leading system integrator and equipment supplier. The Company strives to improve the global competitiveness of its customers by designing, integrating, installing and maintaining automated sorting solutions. VanRiet focuses its solutions on the high-growth end markets of courier, express and parcel services, e-commerce, and warehouse & distribution. VanRiet is headquartered in Houten, the Netherlands with additional locations in the United States, the United Kingdom, China and Poland.

Avedon is a leading lower mid-market private equity firm in the Benelux and Germany, providing growth capital in partnership with strong management teams that have distinctive and ambitious growth plans requiring a step change. Through dedicated sector teams, Avedon seeks proprietary investments within the following four sectors: (i) Industrial & Engineering (ii) Software & Technology, (iii) Business Services and (iv) Consumer & Leisure. Through its Alpha teams, Avedon endeavors to support its portfolio companies in the fields of Sales & Growth Strategy, HR, Operational Improvement and Positioning. Avedon is headquartered in Amsterdam, the Netherlands.

MHS was founded in 1999 and has drawn from its employees’ experience and expertise to become one of the leading material handling system integrators in North America. MHS provides the parcel industry with best-in-class design, implementation, and maintenance of turnkey material handling sortation and distribution systems. MHS is headquartered in Louisville, Kentucky.

Thomas H. Lee Partners, L.P. is a premier private equity firm investing in middle market growth companies, headquartered in North America, exclusively in four industry sectors: Business & Financial Services, Consumer & Retail, Healthcare, and Media, Information Services & Technology. Using Thomas H. Lee's deep domain expertise and the internal operating capabilities of its Strategic Resource Group, Thomas H. Lee seeks to create deal sourcing advantages, and to accelerate growth and improve operations in its portfolio companies in partnership with management teams. Since its founding in 1974, THL has raised over $22 billion of equity capital, acquired over 140 portfolio companies and completed over 360 add-on acquisitions which collectively represent a combined enterprise value at the time of acquisition of over $200 billion. Thomas H. Lee is headquartered in Boston, Massachusetts.
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Industrial
Sale to Material Handling Systems, Inc.
Date
July 2018
Company
Van Riet Holding B.V.
Transaction
M&A
Sectors
Industrial
Target Location
Europe
Acquiror Location
North America

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