ADIA Backs Merger of MHS Global and Fortna
Posted on 04/18/2022
Thomas H. Lee Partners (THL) two portfolio companies – MHS Global and Fortna Inc. – are combining to create a logistics automation company. The merger of the two companies are being financially supported by the Abu Dhabi Investment Authority (ADIA). The company’s are merging at a valuation of around US$ 4 billion.
In March 2019, Thomas H. Lee Partners acquired supply chain systems design and integration firm Fortna. THL also acquired Material Handling Systems Inc. (MHS) in 2017.
