Hy-Tek Holdings Acquires Advanced Handling Systems

Dunes Point Capital Acquires Hy-Tek Material Handling and WorldSource to Form Hy-Tek Holdings

March 24, 2021

Industrial Services

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.

ATS Automation, Inc. Acquires Advanced Automation Systems, Inc.

November 1, 2022

Engineering Services

ATS Automation, Inc. has acquired Advanced Automation Systems, Inc., a Tampa-based building automation and facility engineering provider. The business will be integrated into ATS Waypoint to expand ATS's capabilities and presence in the U.S. Southeast and to better support national account clients.

HKW Acquires Handling Systems and Conveyors, Inc.

February 19, 2026

Industrial Services

Middle-market private equity firm HKW has acquired Handling Systems and Conveyors, Inc. (HSC), a vertically integrated designer, manufacturer, installer and service provider of cranes, hoists, conveyors and tooling solutions. HKW said it will support HSC’s growth by expanding service penetration, investing in new geographic locations and pursuing strategic add-on acquisitions; financial terms were not disclosed.

Applied Industrial Technologies Acquires Advanced Control Solutions

October 7, 2020

Industrial Services

Applied Industrial Technologies has acquired Advanced Control Solutions (ACS), a Southeast-based provider of machine vision, robotics, sensors, and automation engineering services. The deal adds ACS's 43-person team and four Southeastern locations to Applied's automation offerings to expand capabilities, cross-sell solutions, and deepen presence in life sciences, packaging & logistics, industrial manufacturing, and automotive end markets.

May River Capital Acquires Spiroflow to Form Automated Handling Solutions (AHS)

October 3, 2022

Manufacturing

Chicago-based private equity firm May River Capital acquired Spiroflow and combined it with Cablevey Conveyors to create Automated Handling Solutions (AHS). Northstar Capital provided junior debt and an equity co-investment to help finance the transaction; Spiroflow will continue operating under existing leadership to drive growth across food, pharmaceutical, nutraceutical and specialty chemical end markets.

Huron Capital's Albireo Energy Acquires Advanced Automated Systems, Inc.

January 15, 2020

Energy

Albireo Energy, the building automation and energy services platform backed by Huron Capital, has acquired Advanced Automated Systems, Inc., a Southern California provider of building automation and energy management services. The add-on expands Albireo's West Coast presence and brings AAS's management team into the combined company to support national growth.