Alantra advises Hy-Tek Material Handling and WorldSource Integration on sale to Dunes Point Capital, LP
SECTORIndustrial Automation & Machinery
BOSTON, March 31, 2021 – Alantra, a leading global investment bank and asset management firm, is pleased to announce it has advised Hy-Tek Material Handling, Inc. and WorldSource Integration, Inc. on the sale to Dunes Point Capital, LP. The transactions closed on March 18, 2021 and the deal values were not disclosed.
Located in Columbus, Ohio, and founded in 1963, Hy-Tek is a leading provider of unique material handling, logistics, and supply chain management solutions that enhance productivity, streamline processes, and increase profitability for a diverse base of blue-chip customers. The company operates through its Integrated Systems and Industrial Equipment divisions.
Located in Nashville, Tennessee, WorldSource is a systems integrator in the intralogistics industry devoted to the implementation of innovative and cost-effective material handing solutions. The company provides design, engineering, and installation services to a diverse customer base.
Chris Donegan, Managing Director at Alantra US, said, “We are pleased we could assist both ownership groups with these two transactions. We firmly believe that the strategic and cultural fit between the two businesses and organizations is very strong and that great opportunities lie ahead for the combined group.”
Mike O’Connell, Vice President at Alantra US, added, “The combination of Hy-Tek and WorldSource creates a best-in-class material handling solutions provider. The new combined company is well-positioned for continued growth within the attractive end markets it serves.”
Alantra is a leading advisor to material handling companies, and this deal marks another milestone transaction within the Industrial Automation & Machinery practice. The Alantra team advising on this transaction included Mr. Donegan, David Waldstein (Managing Director), Mr. O’Connell (Vice President), and Andre Silva (Associate).
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