12 Jun Amherst Partners Advises on Sale of Material Handling Exchange, Inc.
Amherst Partners, LLC (“Amherst”) is pleased to announce the sale of Material Handling Exchange, Inc. (“MHE” or the “Company”) to Architect Equity (“Architect”). Amherst acted as the exclusive financial advisor to MHE in connection with the transaction.
About Material Handling Exchange, Inc.
Founded in 1989 and headquartered in Franklin, Indiana, Material Handling Exchange, Inc. is a leading provider of pallet and cantilever racking solutions. The Company offers end-to-end services, including warehouse design, permitting, tear-down and removal, custom rack fabrication, and installation. MHE is one of the nation’s leading rack manufacturers and is uniquely positioned as both a producer of new racking systems and a large-scale buyer, seller, and refurbisher of used racking equipment. The Company serves customers through a multi-channel sales strategy that includes both distributors/integrators and direct-to-customer relationships.
About the Transaction
MHE’s shareholder engaged Amherst Partners to lead a comprehensive sale process. Amherst focused on identifying a well-capitalized partner with relevant industry experience to support the Company’s next phase of growth.
MHE received interest from both strategic and financial buyers. Ultimately, the Company selected Architect Equity as its partner. Architect’s experience investing in middle-market industrial businesses, coupled with its operationally focused approach, made it a strong fit to support MHE’s continued growth.
Faegre Drinker Biddle & Reath served as legal counsel to MHE.
About Amherst Partners
With a track record that spans over 30 years, Amherst is one of the Midwest’s most reputable boutique investment banking advisory firms. Among its core services, Amherst provides middle-market and closely-held companies with significant financial advisory expertise for business divestitures, acquisitions, capital raises, and other corporate finance transactions. Our professionals share a commitment to developing a trusted advisor relationship with our clients and referral partners and have amassed an extraordinary track record of success, with over 450 domestic and cross-border transactions exceeding $20 billion in total transaction value. Securities-related transactions are offered through Amherst’s wholly owned subsidiary, One Amherst Partners LLC, a registered broker-dealer and member of FINRA and SIPC. For more information, visit the Amherst Partners website: https://www.amherstpartners.
Team
Don Luciani
Partner, Investment Banking
Chas Chandler
Partner, Investment Banking
Fahad Siddiqui
Director, Investment Banking