By SCMR Staff ·
April 18, 2022
MHS Global (MHS), a leading global provider of material handling automation technology and systems integration, and Fortna, a leading software and solutions provider for warehouse and distribution, will combine to form a multi-billion-dollar, multinational company providing parcel, warehouse and distribution, and lifecycle services, the companies jointly announced today.
The two companies—MHS and Fortna—belong to the investment portfolio of Thomas H. Lee Partners, L.P. (THL) a private equity firm investing in middle market growth companies. THL will remain the majority owner of the combined company and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) will acquire a significant minority stake to support the combination.
As businesses increasingly require improved throughput and faster execution, there is heightened demand for automation, advanced operating software and services. The combination of MHS’s automation technologies and Fortna’s operational optimization software, in addition to each company’s deep industry partnerships, serves the need for end-to-end solutions in logistics operations. Customers will benefit from the breadth and depth of both companies’ offerings: industry-leading capabilities in parcel, cross-docking, conveyance, and sortation solutions combined with industry-leading orchestration and optimization software and unique operational designs leveraging advanced automation to drive greater efficiencies and cost savings for customers.
“MHS has built its reputation over the past 20-plus years by being a reliable and committed partner while expanding our capabilities and taking a progressive, tech-forward stance to deliver new products and solutions,” said MHS CEO Scott McReynolds. “Combining with Fortna will allow us to accelerate our collective efforts on all fronts, to the benefit of our customers, employees, and suppliers.”
April 18, 2022
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