UP-RITE SYSTEMS, INC. HAS BEEN ACQUIRED BY FLETCHLINE, INC.
ABOUT THE TRANSACTION:
Up-Rite Systems, Inc. (“Up-Rite” or the “Company”) has been acquired by Fletchline Inc. (“Fletchline” or the “Buyer”).
Established in 1993 and headquartered in Bardstown, Kentucky, Up-Rite is a nationwide material handling installation company. The Company specializes in the installation of pallet rack and related material handling equipment.
For more than two decades, Up-Rite has developed extensive experience serving customers throughout the United States. The Company has built its reputation by providing specialized installation services across a broad range of projects. Up-Rite’s nationwide capabilities have allowed the Company to support customers with material handling requirements across multiple geographic markets. Furthermore, its specialized workforce brings valuable experience to these complex installation projects.
STRATEGIC FIT WITH FLETCHLINE:
Headquartered in Springfield, Tennessee, Fletchline specializes in conveyor system installation throughout the United States. The company has served customers across projects of varying sizes and complexity since 1988. Fletchline provides installation services for multiple conveyor systems used within distribution, manufacturing, and other material handling environments. Additionally, the company emphasizes workplace safety, quality, teamwork, and efficient project execution.
The acquisition brings together two companies with complementary capabilities within the material handling industry. Up-Rite specializes in rack installation, while Fletchline brings extensive experience installing conveyor systems. As a result, the combination broadens the range of installation services available to customers. The transaction also strengthens Fletchline’s capabilities within an increasingly integrated material handling marketplace.
Moreover, both companies bring nationwide installation experience and established customer relationships to the combined organization. Their complementary expertise creates opportunities to serve customers across a broader range of material handling projects. The transaction provides Up-Rite with the resources and capabilities of an established strategic buyer. At the same time, Fletchline expands its service capabilities through the addition of Up-Rite’s specialized rack installation expertise.
ALLSTON ADVISORY GROUP’S ROLE:
Allston Advisory Group served as the exclusive financial advisor to Up-Rite Systems and its owners. Allston performed an Analysis of Value and prepared a comprehensive Confidential Information Memorandum. Thereafter, Allston developed and managed a confidential sale process designed to identify qualified prospective buyers. The firm evaluated potential strategic and financial buyers and coordinated communications throughout the process.
Allston also assisted the sellers with negotiations and worked alongside their other professional advisors. During due diligence, Allston coordinated information requests and helped address transaction matters as they arose. The transaction successfully transitioned Up-Rite to an experienced strategic buyer with complementary capabilities. Furthermore, the combination positions both organizations to pursue additional opportunities with the material handling industry.
ABOUT ALLSTON ADVISORY GROUP:
Allston Advisory Group is an experienced mergers and acquisitions advisory firm serving privately held lower middle market companies. The firm provides mergers & acquisitions, business valuations, and exit strategies. Allston works closely with business owners to understand their objectives and prepare their companies for the transaction process. The firm then manages a disciplined and confidential sale process from initial preparation through closing.
For additional information on this transaction, please contact one of our advisors.
