Buyout firm Thomas H. Lee Partners is considering a sale of Material Handling Systems Inc. that could value the logistics company at about $3 billion, according to people familiar with the matter.

The Boston-based private equity firm is working with advisers to examine strategic options for the company, known as MHS, said the people, who asked not to be identified because they weren’t authorized to speak publicly. MHS, which generated about $200 million in earnings before interest, taxes, depreciation and amortization in 2020, is expected to attract interest from other private equity firms and peers, the people said.

A final decision on pursuing a sale hasn’t been made and TH Lee could decide to keep the business.

Read More

Source: BNN Bloomberg

By Kiel Porter