Denver, CO (November 7, 2016) - Headwaters MB advised System Solutions of Kentucky, LLC (“SSK” or the “Company”), a leading designer, manufacturer and installer of both manual and automated conveyor and sortation systems for the parcel, baggage and other material handling industries, on its sale to Lummus Corporation (“Lummus”).
Lummus’ CEO, Stephen Marbut, stated “we are very excited to partner with SSK. The owners of SSK have done an outstanding job building the business and creating key customer partnerships. We look forward to utilizing our manufacturing expertise in support of SSK participating at an even greater level in the automation and package conveying industry.”
Founded in 2003, SSK has evolved into a versatile and recognized name in the industry both domestically and internationally. The Company has further expanded its capabilities to include patented products and control designs. Lummus will offer its vast resources to support the increased demands of the parcel and e-commerce customers. SSK management will remain at the Company and work with the Lummus team to continue driving growth.
System Solutions of Kentucky’s VP and co-founder, David King, commented “we are honored to be under the Lummus umbrella and look forward to sharing technologies that will enable both companies to pursue additional opportunities and growth.”
“Headwaters is honored to have played a role in bringing these two companies together," said Samrat Karnik, Managing Director in Industrial Technologies. “Lummus brings much needed operational and financial resources to support SSK's rapid growth driven by expanding automation and parcel handling capital investments made by SSK's long-standing customers in package and parcel delivery.”
About Headwaters MB
Headwaters MB is an independent, middle market investment banking firm providing strategic merger and acquisition advice, capital raising and special situations advisory. Named "Investment Bank of the Year" by major organizations for its third consecutive year, Headwaters MB is headquartered in Denver, CO with seven regional offices across the United States and partnerships with 18 firms covering 30 countries. For more information, visit www.headwatersmb.com.
About System Solutions of Kentucky
Founded in 2003, System Solutions of Kentucky is headquartered in Louisville, Kentucky where the Company offers a complete turnkey solution for the design, manufacture, installation and implementation of industrial, parcel and baggage sortation systems. For more information, visit www.ssofky.com.
About Lummus Corporation
Lummus Corporation is the world’s leading supplier of machinery and replacement parts for the cotton ginning industry. The company also manufacture and market a limited line of machinery for the synthetic fiber industry, and, through their Carver/Gump division, manufacture and market a quality line of processing equipment for the oilseed industry, and separations products for the food industry. For more information, visit www.lummus.com.
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