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LOUISVILLE, KY — Material Handling Systems, Inc. (MHS), a provider of advanced parcel sortation systems engineering and equipment, has announced that it has entered into an agreement to recapitalize in partnership with Thomas H. Lee Partners, L.P. (THL), making THL the majority owner of MHS. Terms of the transaction were not disclosed and it is subject to customary closing conditions.

Founded in 1999 and owned by its employees, MHS has grown to become a leading provider of intelligent material handling systems to the top logistics and e-commerce companies in the world. MHS also owns a vertically-integrated equipment manufacturing business, Santa Rosa Systems (SRS). Given the significant increase and acceleration of demand for advanced automation infrastructure — especially in the e-commerce industry — MHS sought a strategic and financial partner to invest in the company’s substantial future growth prospects, including the potential for product and geographic expansion. As a partner, THL will support MHS’s strong momentum by contributing expertise and bringing financial and operational resources, thereby allowing the company to enhance its capabilities and offerings and accelerate its overall growth strategy.

“We are excited to announce our new partnership with THL, whose extensive experience in growing successful businesses will prove valuable as we continue to serve our customers’ growing demand for automated parcel sortation systems,” said Tony Mouser, chief executive officer of MHS. “We have always been a customer-focused company, and we chose THL as our new partner given our shared vision to better serve our customers’ needs while creating opportunities for our employees.”

“We are thrilled about the opportunity to partner with Tony and the talented team at MHS and SRS,” said Jim Carlisle, managing director at THL. “MHS is an exceptional company, driven by its commitment to engineering talent, technological innovation, and reliable, on-time delivery of advanced systems, software and equipment to its customers. We are excited to invest in the expansion of MHS as the company continues to deliver on its promise of providing best-in-class solutions for its customers.”

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