Houlihan Lokey Advises Continental Global Material Handling
Houlihan Lokey is pleased to announce that Continental Global Material Handling (CGMH), a portfolio company of Stellex Capital Management (Stellex), has been acquired by Precision Pulley & Idler (PPI).
CGMH, based in Winfield, Alabama, has been a leader in bulk material handling since 1959. As a manufacturer of many key conveyor components as well as bulk material handling systems, CGMH is a trusted partner in the conveying industry. With a strong engineering team, CGMH ushers the development of widely recognized premium products that it believes deliver superior value relative to its competition, serving the leading customers in resilient and emerging end markets, including aggregates, coal, copper, potash, salt, agriculture, transportation and industrial.
Stellex, with offices in New York, Detroit, Pittsburgh, and London, is a private equity firm with more than $2.8 billion in AUM. Stellex seeks to identify and deploy capital in opportunities that stand to benefit from its operationally focused and hands-on approach to investing. Portfolio companies are supported by Stellex’s industry knowledge, operating capabilities, network of senior executives, strategic insight, and access to capital. Sectors of particular focus include aerospace, defense and government services, transportation and logistics, manufacturing, real economy and business services, food processing, and tech-enabled services.
PPI is an industry leader in conveying components, with more than a million square feet of manufacturing space and 25 global facilities. PPI’s promise is simple: provide quality products at a competitive price with unbeatable customer service. It’s been a promise kept for over four decades in a diverse group of industries, including aggregate, mining, forestry, grain, unit handling, and food processing. PPI is the industrial division of Precision, Inc.
Houlihan Lokey served as the exclusive financial advisor to CGMH and assisted in initiating, structuring, and negotiating the transaction on its behalf. This transaction highlights Houlihan Lokey’s expertise and continued success in advising innovative, market-leading industrial businesses supporting critical infrastructure.
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