Capstone Partners Advised System Solutions of Kentucky on its Sale to Lummus Corporation
Capstone Partners, 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).
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.”
“Capstone 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.”