Share Price

Material Handling System

MHS is a provider of e-commerce infrastructure, offering engineering design services and automated parcel sortation equipment to the top logistics and e-commerce companies

  • Overview
  • Overview
  • Investment DateApril 2017
  • Lead InvestorTHL
  • RegionUnited States
  • SectorIndustrials/ Industrial Technology
  • Percent of Fair Value2.9%
  • Key ThemeLong-Term Secular Growth
  • Visit WebsiteMaterial Handling Systems
$44.7m
Value of Investment
Systems and solutions utilised in distribution centres
Company Description

Investment Thesis 

  • Rapidly growing market driven by e-commerce​
  • Strong market position and experience​
  • High visibility into future revenue via backlog and low capital intensity​
  • Multiple value creation levers

 

Investment Overview

 

MHS is a leading North American provider of sortation automation systems for couriers. Its competencies include systems design & engineering, project management, equipment manufacturing, equipment installation, software & controls and research & development. MHS also has a vertically integrated equipment manufacturing business, Santa Rosa Systems ("SRS"), which provides them speed to market. ​

MHS was formed in 1999 as a third-party provider supporting the systems integration business of Northrop Grumman, led by the three founders who are still active with the Company today. ​

Since THL’s investment, MHS has made a number of strategic acquisitions to expand geographically and strengthen its capabilities. ​

Excludes two companies which have announced sales, but are pending closing and one undisclosed company due to confidentiality provisions.

 

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