Thomas H. Lee Partners L.P. (THL) has reached an agreement to acquire a majority stake in Material Handling Systems Inc. (MHS), a provider of packing system tools for the transportation and logistics industries. Financial terms of the deal were not disclosed.
MHS, founded in 1999, develops control systems and industrial automation technologies for the packing industry. The Louisville, Kentucky-based target handles the mechanical and electrical installation of conveyor belt and sortation systems, in addition to project management tasks such as budget and schedule compliance. MHS currently operates out of six facilities: four in Louisville, one in Wilmington, Ohio and one in Ontario, Canada.