Molior Growth Partners Marks Debut with Strategic Acquisition of Western Storage & Handling
Ben Schnakenberg, Managing Parter, Molior Growth Partners - President, Western Storage & Handling (Photo Credit: Molior Growth Partners)
DENVER, December 1, 2023 (VSNewsNetwork.com) - Molior Growth Partners, a newly established private equity firm based in Denver, has announced its launch and the successful acquisition of Western Storage & Handling, a prominent material handling and storage equipment company. This inaugural acquisition marks a significant step for Molior in the small and lower middle-market industrial and infrastructure sectors.
Molior, founded in 2023 by industry veteran Ben Schnakenberg, targets investment opportunities in the Midwest and Southwest regions of the United States. The firm focuses on five sectors: advanced manufacturing, engineered products, value-added distribution, tech-enabled B2B services, and industrial software and technology.
"I am excited to formally announce the launch of Molior Growth Partners," said Schnakenberg. "Molior’s mission is to partner with exceptional founders, owners, and leadership teams to achieve transformational growth in companies in the industrial and infrastructure sectors. We are committed to building long-term partnerships and believe that by rolling up our sleeves alongside our teams and fostering a culture of trust and collaboration, we can unlock the full potential of the businesses in which we invest."
Western Storage & Handling, celebrating its 15th anniversary, is renowned in the Rocky Mountain region for its customized material handling, automation, and storage solutions. The Denver-based company specializes in optimizing facility usage and improving operational efficiency for manufacturers and distributors.
“The acquisition of Western Storage & Handling is an exciting milestone for Molior," Schnakenberg added. “Western’s experienced team, exceptional design and engineering capabilities, and turnkey value proposition make it a tremendous fit with Molior’s strategy. I am thrilled to partner with Harry Neumann and the Western team to accelerate the Company’s growth into new geographies and additional automated material handling solutions.”
Harry Neumann, Jr., Founder and Director of Business Development at Western, also expressed enthusiasm for the new partnership. "We could not be more excited to partner with Ben and Molior for the next chapter of Western’s growth," Neumann said. "Ben shares our values and our commitment to being a trusted partner to our customers and our vendors."
For more information about Molior Growth Partners, visit www.moliorgrowth.com. Additional details about Western Storage & Handling can be found at www.westernstorageandhandling.com.
Source: Molior Growth Partners via Newswire
