Ropes & Gray represented affiliates of American Industrial Partners in a definitive agreement to acquire the Warehouse and Workflow Solutions business of Honeywell (NASDAQ: HON). The transaction was announced on April 23 in a press release. Terms of the transaction were not disclosed.
WWS provides material handling and warehouse automation solutions, including projects, services and products such as automated sortation systems, palletizers, conveyors and robotics solutions, as well as aftermarket services and software.
American Industrial Partners is an operationally oriented industrials investor with approximately $17.5 billion in assets under management.
The team was led by private equity partners Todd B. Kornreich and Bob Rivollier and private equity counsel Raxit Shah, tax partners Tristan Evans-Wilent and David Saltzman, IP transactions partner Jordan Altman, employment partner Megan Bisk, executive compensation & benefits partner Allie Alperovich, finance partners Dan Coyne and Jeffrey Lang, environmental partner Peter Alpert, real estate partner David Kaye, litigation & enforcement partners Dan McCaughey and Sean Seelinger, data, privacy & cybersecurity partner Fran Faircloth, and ESG partner Michael Littenberg.
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