Dunes Point Capital Acquires Hy-Tek Material Handling and WorldSource to Form Hy-Tek Holdings
March 24, 2021
Dunes Point Capital (via Dunes Point Capital Fund II) acquired Hy-Tek Material Handling, Inc. and WorldSource Integration, Inc., combining the two integrators to form Hy-Tek Holdings, a material handling automation integrator headquartered in Columbus, Ohio. The transaction was financed with equity from Dunes Point Capital Fund II and debt provided by M&T Bank; the combined company operates eight U.S. facilities and employs over 500 people.
- Buyers
- Dunes Point Capital, LP, Dunes Point Capital Fund II, LP
- Targets
- Hy-Tek Material Handling, Inc., WorldSource Integration, Inc.
- Industry
- Industrial Services
- Location
- Ohio, United States
- Transaction Type
- Buyout
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