Hy-Tek Holdings Acquires FASCOR and LCS
March 28, 2022, Columbus, OH…Hy-Tek Holdings (Hy-Tek), a portfolio company of Dunes Point Capital, LP (DPC), has acquired FASCOR and LCS. Hy-Tek is a material handling automation integrator serving clients in diverse end-markets and applications, including ecommerce, third-party logistics, and parcel. FASCOR is a leading provider of proprietary supply chain execution software solutions. LCS is a systems integrator. Combined, the companies operate as Hy-Tek Material Handling, LLC. The acquisitions were announced by Hy-Tek Holdings CEO Sam Grooms.
“Hy-Tek’s acquisitions of FASCOR and LCS broaden our offerings as the predominant player in material handling and integrated systems (IS). With FASCOR, Hy-Tek sits at the helm of the supply chain, delivering robust, agile, affordable execution, transportation, and inventory management software solutions. LCS, a long-standing Hy-Tek partner, expands the reach of our IS division. Committed to growth through acquisitions, Hy-Tek always is looking for best-of-breed companies to join our team,” said Grooms.
DPC is a family office and private investment firm, pursuing control investments in companies operating in the general industrial and business services sectors. DPC targets companies with enterprise values of up to $1 billion. For more information, please visit www.dunespointcapital.com.
FASCOR is a leading provider of proprietary supply chain execution software solutions including warehouse and transportation management systems. Located in Cincinnati, OH, FASCOR employs approximately 20 people and has been providing supply chain software for 40 years. “We’re excited to join the Hy-Tek family. Together, we’re committed to expanding software offerings that deliver the real results and outcomes customers need and expect, while enhancing productivity, performance, and profitability,” said President John Klare, Jr. Contact www.fascor.com.
Located in St. Henry, OH, systems integrator LCS employs 40 professionals who provide distribution and manufacturing facilities with integrated warehouse systems that maximize efficiency and ROI. “We’re pleased to formalize our successful working relationship with Hy-Tek,” said Owner Dan Lennartz. “In concert with Hy-Tek IS, LCS employs the right mix of processes, equipment, people, and technology to generate the best solutions for businesses large and small.” Contact email@example.com.
Headquartered in Columbus, OH, Hy-Tek is a material handling automation integrator serving clients in diverse end- markets and applications, including ecommerce, third-party logistics, and parcel. Hy-Tek was established as a combination of Hy-Tek Material Handling and WorldSource and has since acquired BP Controls, AHS, FASCOR, and LCS. Together, they operate as Hy-Tek Material Handling, LLC. Hy-Tek is the premier single-source provider of material handling solutions for a wide range of industries including manufacturing, distribution, retail, construction, food, electronics, and automotive. Since 1963, Hy-Tek and its best-in-class industry partners—including manufacturers of industrial equipment; conveyor systems; automated storage and retrieval systems; rack and shelving—have been providing customers large and small with turnkey solutions. From customized one-of-a-kind handling and storage systems to pre-assembled buildings and off-the-shelf products—Hy-Tek’s experienced team of engineering, sales, operations, and project management professionals partner with customers to help enhance productivity, streamline processes, and boost profitability. With over 500 employees, Hy-Tek serves customers in the United States, Canada, and Mexico from offices in Georgia, Illinois, Kentucky, New Jersey, Ohio, Pennsylvania, and Tennessee. Contact www.hy-tek.com or 800.837.1217.