MFG Partners and Merit Capital Partners Acquire Storage Solutions, Inc.

MEI Industrial Solutions Acquires Industrial Transfer & Storage (ITS)

July 8, 2025

Industrial Services

MEI Industrial Solutions, a portfolio company of Olympus Partners, has acquired Industrial Transfer & Storage, LLC (ITS) of Southbridge, Massachusetts. The add-on expands MEI's Northeast footprint (including a new presence in Rhode Island), adds steel fabrication and specialized storage/crating capabilities, and retains ITS leadership and workforce to ensure operational continuity.

Molior Growth Partners Recapitalizes Western Storage & Handling

December 1, 2023

Industrial Services

Denver-based private equity firm Molior Growth Partners, led by founder Ben Schnakenberg, has completed a recapitalization of Western Storage & Handling, a Denver-based designer, distributor, and installer of material handling and storage equipment. The transaction marks Molior's inaugural investment and will support Western's geographic expansion and enhancement of automated material handling capabilities while retaining existing leadership and operations in Colorado.

Jungheinrich AG Acquires Storage Solutions group

January 25, 2023

Logistics & Distribution

Jungheinrich AG is acquiring Indiana-based Storage Solutions group from Merit Capital Partners, MFG Partners and Storage Solutions' management for a purchase price of approximately USD 375 million plus a performance-based earnout. The deal gives Jungheinrich a U.S. platform in racking, warehouse design and automation (Storage Solutions: ~170 employees, ~USD 290M revenue in 2022) and is expected to close in Q2 2023 subject to customary conditions including U.S. merger clearance.

Storage Solutions Acquires SNC Solutions

June 28, 2022

Logistics & Distribution

Storage Solutions Inc. has acquired SNC Solutions, a California-based provider of warehouse efficiency system design and implementation. Financial terms were not disclosed; Storage Solutions said the deal will expand its capabilities and presence on the U.S. West Coast to better serve warehouses, distribution centers, and fulfillment operations.

Wellspring Capital Management Acquires Steele Solutions, Inc.

June 4, 2020

Manufacturing

Wellspring Capital Management closed its acquisition of Steele Solutions, Inc. on May 29, 2020. The New York-based private equity firm acquired the Milwaukee-headquartered designer and manufacturer of structural steel platforms and mezzanines to support growth and capitalize on long-term e-commerce and warehouse automation trends; financial terms were not disclosed.

CI Capital Partners Acquires Total Fleet Solutions from Southfield Capital

July 19, 2012

Industrial Services

CI Capital Partners has acquired Material Handling Services, LLC (d/b/a Total Fleet Solutions), a Holland, Ohio-based provider of outsourced fleet management, maintenance and procurement services for material handling equipment, from Southfield Capital Advisors. Total Fleet Solutions, founded in 2001, focuses on recurring fleet-management contracts for large manufacturing and distribution customers; Southfield had owned a majority stake since 2005.