HKW has acquired Handling Systems and Conveyors, expanding its portfolio of technical industrial businesses serving aerospace, defense, and manufacturing markets.
Based in Indianapolis, HSC is a vertically integrated designer, manufacturer, installer, and service provider of crane, hoist, conveyor, and tooling solutions. Founded in 1992, the company delivers engineered material handling systems and aftermarket services that support automation, productivity, and safety across complex manufacturing environments in aerospace & defense, industrial manufacturing, and transportation end markets.
The acquisition aligns with HKW’s strategy of investing in lower middle-market companies with strong management teams and exposure to growing end markets. The firm said it sees opportunities to drive growth at HSC by expanding service penetration across its installed base, investing in new geographic locations, and pursuing strategic add-on acquisitions.
Founded in 1982, HKW invests in companies across the manufacturing, distribution, and business services sectors in the U.S. and Canada. The firm has sponsored 73 platform transactions and completed 81 add-on acquisitions across North America.
Support: Taft Stettinius & Hollister served as HKW’s legal advisor. Brookside Capital Partners, LongWater Capital Solutions and Siguler Guff & Company provided financing for the transaction. BMO Capital Markets acted as financial advisor and Jackson Walker served as legal advisor to HSC.
KEY QUOTES:
“Partnering with HKW provides us with additional resources to expand our capabilities while continuing to deliver the high level of service our customers expect. We are excited to enter this next chapter alongside a partner that supports our team and long-term vision for growth.”
Andy Everett, President & CEO of Handling Systems and Conveyors
“HSC fits squarely within HKW’s focus on technical industrial businesses that serve growing end markets and can benefit from the drive toward in-plant productivity and automation. We look forward to working alongside the management team to support the Company’s growth strategy.”
Devraj Roy, Partner at HKW
“We see significant growth opportunities ahead for HSC, including expanding service penetration across its installed base, investing in new geographic locations and pursuing strategic add-on acquisitions. We believe the business is well positioned to build on its strong foundation and accelerate growth in the years ahead.”
Alex Johnson, Vice President at HKW
