Canadian Packaging

Intelligrated to be purchased by Permira Funds

Deal to be in excess of $500 million.


June 11, 2012
by Canadian Packaging Staff

Intelligrated, a leading North American-based provider of automated material handling solutions, services and products, has announced that it will be purchased by Permira Funds, a holding company, in a deal valued at over $500 million.

Intelligrated’s management, led by founders Chris Cole and Jim McCarthy, will maintain a significant stake in the company as part of the transaction and will continue to lead the company.

Intelligrated, which is headquartered in Mason, OH, and has operations throughout the U.S., Mexico, Brazil and Canada, designs, manufactures and installs complete material handling automation solutions for the warehousing, distribution, consumer product manufacturing, postal and parcel markets.

Products manufactured by Intelligrated include conveyor systems, Intellisort sortation systems, Alvey palletizers and robotics, order fulfillment systems, warehouse control software and advanced machine controls.

Permira will continue to Intelligrated’s growth opportunities, says Richard Carey, Partner and co-Head of the Global Industrials Group at Permira:
“Intelligrated is well-positioned to capitalize on the growing demands on companies to increase supply chain efficiency and better serve the evolving needs of their customers.

“Already a market leader, the company is continuing to grow, as evidenced by the ongoing expansion of the facilities in Mason, which will enhance Intelligrated’s ability to provide advanced solutions for its blue-chip customers.”

For Intelligrated, it is excited that the world-class investment firm Primera has  recognized the potential of the company.

“This is a very exciting new chapter for our company, and we are thrilled that a world-class investment firm such as Permira has recognized the growth potential in our business,” says Intelligrated chied executive officer Chris Cole. “This is a strong endorsement for Intelligrated and our highly talented workforce, and we look forward to taking advantage of the unique global perspective and industry insight that the Permira funds will bring. We are pleased that they recognize our ability and commitment to providing mission-critical, high-speed automated material handling systems, software and service, and believe they are the ideal partners to help us to continue on our strong growth trajectory.”

The transaction is expected to close in the third quarter of 2012.

For more information on Intelligrated, visit www.intelligrated.com.