A Chicago-based company has acquired Omaha manufacturer Intersystems.
Private investment firm the Pritzker Group announced Wednesday its purchase of Intersystems, an Omaha designer and manufacturer of agricultural handling equipment. Terms were not disclosed.
Intersystems CEO Tom Schroeder said his company sees the acquisition as a good opportunity in the global grain and feed markets.
“The resources of the Pritzker Group will ensure our continued growth by helping us add new products and services to better meet the needs of our customers,” he said.
Intersystems currently has about 250 employees, and Pritzker Group investment partner Michael Nelson said his company’s goal is to see the company through more hires and long-term growth.
“We anticipate the employment level over time will go up,” said Nelson, who leads the firm’s investments in manufactured products.
Pritzker said in a statement that the Intersystems management team will continue to lead the company and help Pritzker’s strategy to invest in companies involved in the global agriculture market. Currently, Pritzker primarily invests in companies involved in manufacturing, health care and services industries.
Intersystems was founded in 1959 and today sells its products in more than 30 countries. Its products include enclosed belt conveyors, bucket elevators, bulk weighers, truck probes, grain samplers, gravity screeners, distributors, micro ingredient systems and bolted bin systems. The equipment is found largely in grain elevators, grain processing plants and feed mills.
In 2011, the manufacturer broke ground on a 60,000-square-foot expansion that cost $10 million just two years after it spent $20 million on a 140,000-square-foot facility on North 109th Avenue near Blair High Road. Also in 2011, the company hired 45 new workers and said the expansion started that year would create more than 30 jobs.
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