Permira funds have completed the acquisition of Intelligrated, a North American-based provider of automated material handling solutions, services and products. Total transaction value was in excess of $500 million.
Permira today announced that a holding company owned by the Permira funds has successfully completed the acquisition of Intelligrated, a leading North American-based provider of automated material handling solutions, services and products, in a transaction at a valuation in excess of $500 million.
Intelligrated designs, manufactures and installs complete material handling automation solutions for the warehousing, distribution, consumer product manufacturing, postal and parcel markets. Solutions offered by Intelligrated include conveyor systems, sortation systems, palletizers and robotics, order fulfillment systems, warehouse control software and advanced machine controls.
The Permira funds’ investment will support the company’s growth opportunities, including further penetration of its customer base in North America, emerging markets expansion in partnership with its global customers, increased product offerings and global capabilities through investment and selective M&A, and an enhanced focus on aftermarket services.
Intelligrated will remain headquartered in Mason, Ohio, a suburb of Cincinnati, and has operations throughout the United States and in Canada, Mexico and Brazil.
The company will continue to be led by its founders, Chris Cole and Jim McCarthy, who have maintained a significant stake in the company as part of the transaction.
Intelligrated (www.intelligrated.com ) is a leading North American-based, single-point provider of automated material handling solutions with operations in the U.S., Canada, Mexico and Brazil. Headquartered in Mason, OH, Intelligrated designs, manufactures and installs complete material handling automation solutions, including conveyor systems, IntelliSort® sortation systems, Alvey® palletizers and robotics, Real Time Solutions® order fulfillment systems, warehouse control software and advanced machine controls—all supported by 24×7 Customer Service and Support. Serving the warehousing, distribution, consumer product manufacturing, postal and parcel markets, Intelligrated collaborates closely with its clients to develop productivity solutions and support their needs throughout the life of their material handling systems.
Permira is a European private equity firm with global reach. The Permira funds, raised from pension funds and other institutions, make long-term investments in companies with the ambition of transforming their performance and driving sustainable growth. Founded in 1985, the firm advises funds with a total committed capital of approximately $25 billion.
Permira established its presence in North America with the opening of the New York office in 2002 followed by the Menlo Park office in 2008. The Permira funds have a long track record of investing in successful international companies in North America, including Aearo Technologies, Intelsat, Freescale, BakerCorp, Renaissance Learning and Genesys.
Noémie de Andia, +44-20-7632-1159
Matthieu Roussellier, +44-20-7632-1053
Sard Verbinnen & Co
Brooke Gordon / Nathaniel Garnick
Permira Advisers LLP
80 Pall Mall