COO and Co-Founder McReynolds Succeeds CEO and Co-Founder Tony Mouser
who Remains with MHS as Special Projects Advisor
Co-Founder Greg Judge Remains President as Part of Carefully-Planned
Transition
LOUISVILLE, Ky.–(BUSINESS WIRE)–Material Handling Systems, Inc. (“MHS” or the “Company”), a leading
provider of advanced parcel sortation systems, engineering, and
equipment, today announced that it has named Co-Founder and Chief
Operating Officer Scott McReynolds as its Chief Executive Officer,
succeeding Co-Founder and Chief Executive Officer Tony Mouser. Mouser,
who stepped down from his position as CEO, will continue managing
Special Projects, and Co-Founder Greg Judge remains in his role as
President. Both will support McReynolds in broad company leadership.
“We are very excited that Scott McReynolds, a Co-Founder of MHS with 20
years’ experience serving as its COO, will step into the role of CEO and
lead MHS’s next phase of global growth and expansion, with continuing
leadership and support from Co-Founder Tony Mouser, who will remain with
the Company as a Special Projects Advisor, and Co-Founder and President
Greg Judge,” said Jim Carlisle, Managing Director at THL.
Since MHS’s founding in 1999, Mouser, McReynolds, and Judge have grown
the Company into a leading provider of intelligent material handling
systems to the top logistics and e-commerce companies around the world.
During that time, they collectively led significant operational
improvements and product and geographic expansion, enhancing MHS’s
capabilities and offerings and establishing a global presence. In April
2017, MHS’s three Co-Founders led the Company to a recapitalization in
partnership with Thomas H. Lee Partners, L.P. (“THL”), providing MHS
with operational expertise and financial resources to accelerate its
overall growth strategy. Also in 2017, MHS’s three Co-Founders
established MHS Europe in order to provide MHS’s European customers with
the same high level of support and services that MHS is known for in
North America. Subsequently in 2017 and 2018, Mouser, McReynolds, and
Judge oversaw MHS’s successful acquisitions of Atronix Engineering,
Advanced Production Systems, A2i Systems, Officina Costruzioni
Meccaniche (OCM), and VanRiet Material Handling Systems, further
improving the Company’s infrastructure and bolstering its engineering
and technical capacity.
Carlisle continued, “Scott, Greg, and Tony are exceptional leaders, and
together they have been responsible for growing MHS into a world-class
automation systems provider for the most reputable, global logistics and
e-commerce businesses. As MHS accelerates into its next chapter, we
welcome Scott into the CEO role with Greg supporting him as President.
We also thank Tony for his tremendous contributions to MHS as CEO over
the last 20 years. We are enthusiastic about his continuing work as
Special Projects Advisor, leveraging his extensive industry experience
and capabilities with large clients while supporting MHS at its various
worksites.”
“When we began succession planning, our main goals were to ensure an
orderly leadership transition and to identify an executive who would
continue building on our successful track record and grow the business
into adjacent markets and internationally,” said Mouser. “We firmly
believe we have achieved those goals by elevating Scott, an experienced
leader who helped establish MHS as a customer-focused industry leader
and manage its daily operations, to the position of CEO. I am extremely
proud of what we have been able to accomplish thus far, and look forward
to supporting Scott, Greg, and the rest of our highly-qualified
management team through this transition and beyond.”
“I am deeply honored to assume this new position and to have the
opportunity to lead MHS forward as CEO with Greg as our President,” said
McReynolds. “Driven by our commitment to engineering talent,
technological innovation, and serving our customers’ needs, MHS is
well-positioned for continued growth and product diversification. I
thank Tony for his leadership and collaboration over the years, and look
forward to his continuing contributions to MHS.”
About Material Handling Systems, Inc.
Founded in 1999 and headquartered in Louisville, Kentucky, Material
Handling Systems, Inc. has drawn from its experience and expertise to
become a leading global provider of turnkey systems integration and
engineering, advanced automation equipment and software and aftermarket
services. For more information, please visit http://www.mhsglobal.com.
About Thomas H. Lee Partners, L.P.
Thomas H. Lee Partners, L.P. (“THL”) is a premier private equity firm
investing in growth companies headquartered in North America. THL
focuses its investment activity across four industry sectors: Business &
Financial Services, Consumer & Retail, Healthcare and Media, Information
Services & Technology. Since its founding in 1974, THL has raised more
than $25 billion of equity capital, invested in over 140 companies and
completed more than 360 add-on acquisitions representing an aggregate
enterprise value at acquisition of over $200 billion. With dedicated
sector and operating teams, THL brings deep domain expertise and
resources to build great companies by helping to accelerate growth,
improve operations and drive long-term sustainable value in partnership
with management.
Contacts
Media
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Robin Weinberg/Cameron Seligmann
212-687-8080
