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Hy-Tek Holdings Acquires Fascor And Lcs

Mar 28, 2022over 3 years ago

Acquiring Company

Hy-Tek

Acquired Company

FASCOR

SoftwareProfessional ServicesSoftware

Description

Hy-Tek Holdings (Hy-Tek), a portfolio company of Dunes Point Capital, LP (DPC), has acquired FASCOR and LCS. Hy-Tek is a material handling automation integrator serving clients in diverse end-markets and applications, including ecommerce, third-party logistics, and parcel. FASCOR is a leading provider of proprietary supply chain execution software solutions. LCS is a systems integrator. The companies operate as Hy-Tek Material Handling, LLC. The acquisitions were announced by Hy-Tek Holdings CEO Sam Grooms.

Company Information

Company

Hy-Tek

About

Headquartered in Columbus, OH, Hy-Tek is a material handling automation integrator serving clients in diverse end- markets and applications, including ecommerce, third-party logistics, and parcel. Hy-Tek was established as a combination of Hy-Tek Material Handling, WorldSource, BP Controls, and AHS. Together, they operate as Hy-Tek Material Handling, LLC. Hy-Tek is the premier single-source provider of material handling solutions for a wide range of industries including manufacturing, distribution, retail, construction, food, electronics, and automotive. Since 1963, Hy-Tek and its best-in-class industry partners—including manufacturers of industrial equipment; conveyor systems; automated storage and retrieval systems; rack and shelving—have been providing customers large and small with turnkey solutions. From customized one-of-a-kind handling and storage systems to pre-assembled buildings and off-the-shelf products—Hy-Tek's experienced team of engineering, sales, operations, and project management professionals partner with customers to help enhance productivity, streamline processes, and boost profitability. With over 500 employees, Hy-Tek serves customers in the United States, Canada, and Mexico from offices in Georgia, Illinois, Kentucky, New Jersey, Ohio, Pennsylvania, and Tennessee. Contact www.hy-tek.com or 800.837.1217. Media Contact: Nancy Flynn 614-312-7491 SOURCE Hy-Tek Material Handling

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed