M&A Deal Summary

Thomas H. Lee Partners and NB Private Equity Partners Acquire MHS

On April 14, 2017, private equity firm Thomas H. Lee Partners and asset manager NB Private Equity Partners acquired machinery company MHS

Acquisition Highlights
  • This is Thomas H. Lee Partners’ 1st and NB Private Equity Partners’ 1st transaction in the Machinery sector.
  • This is Thomas H. Lee Partners’ 49th and NB Private Equity Partners’ 10th transaction in the United States.
  • This is Thomas H. Lee Partners’ 1st and NB Private Equity Partners’ 1st transaction in Kentucky.
Investment Fate
  • MHS was sold to a strategic buyer in 2022.

M&A Deal Summary

Date 2017-04-14
Target MHS
Sector Machinery
Buyer(s) Thomas H. Lee Partners
NB Private Equity Partners
Deal Type Recapitalization
Advisor(s) PwC Corporate Finance (Financial)
Baker & McKenzie (Legal)

Target

MHS

Mount Washington, Kentucky, United States
MHS is a provider of e-commerce infrastructure, enabling systems automation for top logistics and e-commerce companies in the world. MHS services its customers and the parcel industry through best-in-class turnkey engineering design services, software, and equipment. MHS was founded in 1975 and is based in Mount Washington, Kentucky.

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Buyer(S) 2

Buyer

Thomas H. Lee Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1974
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thomas H. Lee Partners (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. THL was formed in 1974 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 59 of 92
Sector: Machinery M&A 1 of 2
Type: Recapitalization M&A Deals 7 of 11
State: Kentucky M&A 1 of 1
Country: United States M&A 49 of 79
Year: 2017 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-25 Art Van Furniture

Ann Arbor, Michigan, United States

Art Van Furniture is a furniture retailer. The company operates 100 stores throughout michigan, illinois, ohio, and indiana, including freestanding Art Van pureSleep mattress stores, Art Van flooring stores, and Art Van Furniture franchise locations as well as a full service e-commerce website. Art Van Furniture was founded in 1959 and is based in Ann Arbor, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-10 inVentiv Health

Burlington, Massachusetts, United States

inVentiv Health, Inc. is a provider of best-in-class clinical, commercial and consulting services to companies seeking to accelerate performance. inVentiv offers convergent services that deliver extraordinary outcomes to clients whose goal is improving human life.

Sell $4.6B
DESCRIPTION

NB Private Equity Partners is a publicly traded asset manager focused on acquiring direct investments in privately held companies. The Firm principally targets businesses in the US and looks to invest alongside other private equity managers when considering opportunities. NB Private Equity Partners is headquartered in the UK, with an additional office in the US.


DEAL STATS #
Overall 14 of 39
Sector: Machinery M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 4
State: Kentucky M&A 1 of 1
Country: United States M&A 10 of 24
Year: 2017 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-04 FDH Aero

Commerce, California, United States

FDH Aero is a distributor of c-class hardware and replacement parts to commercial and defense aircraft manufacturers, subcontractors, component distributors, and MRO/aftermarket solution providers. FDH Aero is based in Commerce, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-28 Staples

Framingham, Massachusetts, United States

Staples is an office supply retailer. Staples sells and distributes a variety of office products for consumers as well as small to large companies around the world. Staples was founded in 1985 and is based in Framingham, Massachusetts.

Buy $6.9B