Patriot Capital, a multi-strategy middle market investment firm, is pleased to announce a new debt and equity co-investment in partnership with 3 Rivers Capital, SharpVue Capital, and the existing management team to support the acquisition of Magnum Systems (“Magnum” or the “Company”).
Headquartered in Lenexa, Kansas, Magnum is a designer and manufacturer of material handling and packaging systems for dry bulk materials. The Company is recognized for its innovative material handling solutions that employ cutting-edge robotics and electronics technologies to deliver the highest levels of automated throughput with the lowest levels of energy consumption. Magnum’s systems move material from railcar to pallet and through production facilities by providing conveyor systems, loading and unloading equipment, and robotic cells.
Don Day, President and CEO of Magnum Systems Inc., says, “Being acquired by 3 Rivers Capital is an exciting milestone for us. As a leading systems integrator and manufacturer, we always look for ways to expand our product offering. This acquisition gives us the resources to do just that. Beyond expanding our product line, our engineering and project management resources will multiply. Ultimately, this is an opportunity to better position Magnum Systems as the best resource for our clients’ systems integration projects.”
For more information on Magnum, please visit https://magnumsystems.com