TGW has sold its U.S. conveyors business unit to MHS Holdings, Inc., a portfolio company of Thomas H. Lee Partners

Based in Norton Shores, Michigan, TGW U.S. Conveyors designs, develops and manufactures highly dynamic conveyor and sortation technologies. Serving warehouse, distribution and fulfillment end markets, the company has continued to capitalize on the favorable trends in e-commerce and the increased adoption of industrial automation. The company manufactures the industry’s highest quality and reliable conveyor and sortation technologies with industry-leading manufacturing lead times and on-time delivery. TGW U.S. Conveyors’ comprehensive portfolio of products will help accelerate MHS’s growth plan while expanding its product portfolio and customer base. For more information, please visit www.tgw-group.com and www.mhsglobal.com.

“Lincoln’s process execution was thoughtful and completely centered around what was best for us. They ran a disciplined and value driving process, which included successfully navigating the COVID-19 pandemic and delivering an optimal outcome for the company’s shareholders,” commented Mario Herndl, Chief Executive Officer of TGW Systems, Inc., a subsidiary of TGW Logistics Group GmbH.

Lincoln acted as the exclusive financial advisor to TGW Systems, Inc., working closely with the shareholders and the management team throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, due diligence and negotiation phases of the transaction.

TGW MHS THL 2021
  • 2021
    Close Year
  • Industrial Technology
    Industry
  • Private
    Client Type
  • Strategic | Cross-border
    Transaction Type
  • Austria | USA
    Countries
Lincoln’s deep material handling expertise was critical to effectively articulate and position the company’s value proposition and growth opportunities. We valued Lincoln's senior-level support and instrumental advice throughout the sale process.
Christian Lahnsteiner
Chief Executive Officer of TGW U.S. Conveyors

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