FORTNA®, The Distribution Experts®, a leading global provider of automation, engineering services, and software for warehousing and distribution, announced a recapitalization agreement with Thomas H. Lee Partners, L.P. (“THL”) in March 2019. This strategic partnership aims to accelerate FORTNA’s growth trajectory by leveraging THL’s extensive industry expertise and financial resources.
FORTNA and THL Partnership
FORTNA, established in 1946, offers comprehensive solutions for distribution challenges, including strategy development, operations design, implementation, material handling automation, and warehouse execution software. Serving a global clientele of over 200 recognized brands, FORTNA enables companies to optimize their distribution operations for reduced costs, increased throughput, and enhanced service levels. The company operates across North America, Europe, Latin America, and South Africa.
The rapid expansion of e-commerce and the increasing demand for sophisticated warehouse automation solutions have created significant growth opportunities for FORTNA. Recognizing this potential, FORTNA sought a partner with the financial strength and strategic vision to capitalize on these trends. THL, with its deep understanding of the automation sector and proven track record of driving growth, emerged as the ideal partner. The investment from Thomas H. Lee Partners Lp will enable FORTNA to pursue strategic acquisitions, expand geographically, and further enhance its service offerings.
John A. White III, President and CEO of FORTNA, expressed enthusiasm for the partnership, highlighting THL’s operational resources and automation expertise as key drivers for future growth. He emphasized the opportunities this investment would create for both FORTNA associates and clients, enabling the company to deliver solutions that provide exceptional flexibility, agility, and responsiveness for high-volume distribution centers.
Jim Carlisle, Managing Director at THL, praised FORTNA’s reputation as a leading provider of automation solutions in the warehouse and distribution market. He cited FORTNA’s focus on technological innovation, skilled engineering talent, and consistent delivery of advanced automation equipment and software as key factors contributing to the company’s success. THL is committed to investing in FORTNA’s continued growth and supporting its mission to become the global leader in optimizing complex distribution operations.
The transaction involved Citi as financial advisor and Morgan, Lewis & Bockius LLP as legal advisor to FORTNA. Kirkland & Ellis LLP served as legal advisor, and PricewaterhouseCoopers acted as accounting advisor to Thomas H. Lee Partners LP. This collaboration underscores the significance of the partnership and the commitment of both firms to achieving long-term success. FORTNA continues to innovate and deliver cutting-edge solutions for the evolving needs of the distribution industry, solidified by the strategic investment from Thomas H. Lee Partners LP.
