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    Home»Investments»TH Lee Is Said to Mull $3 Billion Material Handling Systems Sale
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    TH Lee Is Said to Mull $3 Billion Material Handling Systems Sale

    February 20, 20211 Min Read
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    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.

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    Source: BNN Bloomberg

    By Kiel Porter

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    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

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