Fortna, a Reading, PA-based global automation, engineering services and software company, entered into a recapitalization deal with funds affiliated with Thomas H. Lee Partners, L.P.
The terms of the transaction – which is subject to customary closing conditions – were not disclosed.
The company will use the funds to continue to expand its reach.
Founded in 1946 and led by John A. White III, President and CEO, Fortna provides distribution strategy, operations design and implementation, material handling automation and warehouse execution software systems.
With a global footprint across North America, Europe, Latin America, and South Africa, the company currently serves over 200 clients globally to enhance their distribution operations.