CHICAGO--(BUSINESS WIRE)--The Pritzker Group today announced that it acquired Omaha-based Intersystems, a leading designer and manufacturer of specialized material handling equipment serving the global agriculture industry.
The company’s products can be found in grain elevators, grain processing plants, feed mills, rail loading sites and ports in over 30 countries worldwide. The entire Intersystems management team invested alongside The Pritzker Group and will continue to lead the company. The company was purchased from private investors for an undisclosed price.
“We see great opportunities for Intersystems in the world grain and feed markets,” said Tom Schroeder, Intersystems chief executive officer. “The resources of The Pritzker Group will ensure our continued growth by helping us add new products and services to better meet the needs of our customers.”
“Intersystems has grown significantly under Tom and his team’s stewardship, and we are proud to partner with them,” said Michael Barzyk, vice president of The Pritzker Group. “Intersystems serves as a great example of our strategy to invest in leading companies serving the global agricultural market.”
Founded in 1959, Intersystems serves the agriculture and select other industrial markets with its internationally recognized brand and full line of products. The Company’s comprehensive product portfolio includes en-masse and enclosed belt conveyors, bucket elevators, bulk weighers, truck probes, grain samplers, gravity screeners, distributors, micro ingredient systems, and bolted bin systems. Based in Omaha, the company sells to customers in more than 30 countries worldwide. For more information, please visit www.intersystems.net.
About The Pritzker Group’s Middle-Market Investment Team
The Pritzker Group’s middle-market investment team acquires North American-based companies with enterprise values between $75 and $400 million, focusing on quality businesses with leading positions in the manufactured products, healthcare, and services sectors. The firm’s proprietary capital base allows for broad flexibility in its investment horizon, transaction structure and approach to creating long-term value, making it an ideal partner for entrepreneur- and family-owned businesses. The Pritzker Group brings large-company credibility, relationships, and expertise to the middle market and can support its companies with additional growth capital. The firm’s middle-market and venture capital teams have acquired or invested in more than 100 companies over the past decade. For more information, visit www.pritzkergroup.com.