American Industrial Partners Completes Carve-Out Acquisition of Honeywell’s Warehouse and Workflow Solutions Business Intelligrated

Ropes & Gray represented affiliates of American Industrial Partners in completing the acquisition of Honeywell Technologies’ warehouse and workflow solutions business Intelligrated. The transaction was announced on April 23 and completed on July 27. Financial terms of the transaction were not disclosed.

AIP's investment in Intelligrated builds on its existing investment in Trew, a U.S.-based manufacturer and integrator of automated material handling systems and software. Together, Intelligrated, Trew and Transnorm bring complementary capabilities across warehouse automation, material handling systems, software, lifecycle services and aftermarket support. Transnorm will continue to operate as a distinct business within the broader platform.

Intelligrated is supported by more than 3,300 employees and 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 $17.8 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 and associate Ted Schneider, tax partners Tristan Evans-Wilent and David Saltzman, IP transactions partner Jordan Altman, employment partner Megan Bisk, executive compensation & benefits partner Allie Alperovich and associate Madeline Cooper, 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.