After entering chapter 11 bankruptcy protection earlier this year, automated material handling manufacturer SencorpWhite has a new owner.
Private equity firm Grays Peak Capital announced May 28 that its subsidiary, MSI Automate, has acquired SencorpWhite via bankruptcy auction. Investment firm Valore Ventures partnered on the purchase.
Santa Fe Springs, CA-based MSI Automate is a software developer focused on the warehouse and logistics industry.
Hyannis, MA-based SencorpWhite makes vertical storage and heat-sealing equipment for the warehousing and distribution markets, and provides software solutions. Its business units operate under the brands White Systems (intelligent storage solutions), CeraTek (medical heat sealing machines), Accu-Seal (impulse heat sealers for product packaging) and Ascent Warehouse Logistics (warehouse management, execution and control systems software).
Other manufacturers in Grays Peak’s portfolio include McMurray Stern, Spacesaver Interiors and Tompkins Solutions. The firm said SencorpWhite will continue operating under its brand names.
“Partnering with Grays Peak and Valore Ventures opens a new chapter for our company,” SencorpWhite President and CEO Corey Calla said in a news release. “Their strategic insight, resources, and commitment to innovation will empower us to accelerate product development, deepen customer relationships, and expand our market presence. We are excited to build the future of automation together.”
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