CenterGate Capital Invests in Naumann/Hobbs Material Handling
October 1, 2019
CenterGate Capital has made an investment to acquire Naumann/Hobbs Material Handling, a Phoenix-based material handling equipment and service platform. Stellus Capital Management provided senior debt financing to support the transaction; the company was previously held by HCI Equity Partners and will use CenterGate's backing to expand its aftermarket service, parts platform and territorial reach across the Southwest.
- Buyers
- CenterGate Capital
- Targets
- Naumann/Hobbs Material Handling
- Sellers
- HCI Equity Partners
- Industry
- Industrial Services
- Location
- Arizona, United States
- Transaction Type
- Buyout
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