AIP Completes Intelligrated Acquisition to Expand Warehouse Automation Platform

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American Industrial Partners ("AIP"), an operationally oriented industrials investor, announced that an affiliate of AIP has completed its acquisition of Intelligrated from Honeywell Technologies. Moving forward, AIP will bring together the capabilities of Intelligrated, including Transnorm, and Trew as part of a broader warehouse automation platform.

Intelligrated is a leading provider of material handling and warehouse automation solutions, delivering integrated systems including sortation, conveyor, palletizing and robotics technologies, supported by software and aftermarket services that drive operational efficiency and fulfillment performance. Intelligrated is supported by more than 3,300 employees.

AIP's investment in Intelligrated builds on its existing investment in Trew, a U.S.-based manufacturer and integrator of automated material handling systems and software. Together, Intelligrated, Trew and Transnorm bring complementary capabilities across warehouse automation, material handling systems, software, lifecycle services and aftermarket support. Transnorm will continue to operate as a distinct business within the broader platform. The platform will continue to benefit from AIP's partnership with Redwood Technology Ventures (RTV), whose team includes members of the original founding team of Intelligrated and brings deep sector experience in material handling and warehouse automation solutions.

"We are pleased to officially welcome Intelligrated to the AIP portfolio and to begin the next chapter for Intelligrated, Trew and Transnorm," said Murray Grainger, Partner at AIP. "These are three highly complementary businesses with strong technology, deep customer relationships, broad installed bases and talented teams. We believe bringing these platforms together creates a differentiated opportunity to serve customers across the material handling and warehouse automation markets."

"Intelligrated, Trew and Transnorm each bring meaningful strengths, talented teams and longstanding customer relationships," said Alfred Rebello, Chief Executive Officer of the combined platform. "As we bring these businesses together, our focus will be on combining the best of each organization to deliver stronger capabilities and greater value for our customers. I am excited to work with the teams across all three businesses as we build a more focused, agile and customer-driven warehouse automation platform."

"AIP is also pleased to continue its partnership with RTV, which began with AIP's investment in Trew," added Grainger. "RTV's deep sector knowledge and founder perspective will be instrumental as we support the next phase of growth for Intelligrated, Trew and Transnorm, with a focus on customer delivery, innovation and operational excellence."