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Ellis Systems Acquired by Wolter Group

25 Feb, 2016

Smithtown, NY - February 25, 2016 - Prosperity Plus announced today that is advised Tom Hynes and Ellis Systems on the sale of the business to Wolter Group.
Ellis Systems is a leading distributor of high-density storage and shelving solutions based in Lake Forest, Ill.  Ellis Systems will operate as a member of the automated material handling and storage sector of Wolter Group, which consists of Illinois Material Handling, Wisconsin Lift Truck Corp., Ellis Systems, Wolter Power Systems, and Fleet Services. Through its businesses, Wolter Group provides parts, rentals, service, training and new and used sales of lift trucks, aerials, industrial engines and generators, filing and material storage systems, automated material handling solutions as well as fleet management services.
Ellis Systems, founded in 1963 as a distributor of filing systems and equipment, provides solutions to customers throughout the Midwest, including healthcare facilities, schools and universities, police departments, law firms, and industrial warehousing. Its space-saving solutions include mobile shelving systems, vertical lift modules, vertical carousels, and rotary files.  Tom Hynes, Ellis' President said of the acquisition, "we are excited about the partnership of our two companies.  Wolter Group shares our philosophy of putting the customer first.  We anticipate the expanded offerings they bring to the table to be real win-win for our customers."  The staff of Ellis Systems will remain on board to with Wolter Group to continue to service their customers.
Jerry Weidman, President of Wolter Group commented; "As our eighth acquisition in the last five years, Ellis Systems enhances our product offerings and solutions in the Illinois market and allows us to expand into the rapidly evolving automated material management and storage industry."
The details of the transaction are confidential.  
Prosperity Plus offers a full range of merger and acquisition services. We can represent either the buyer or the seller in a transaction. If you are thinking of selling your business or looking to buy another dealership give us a call. For more information please contact Jim Kahrs at Prosperity Plus Management Consulting, Inc., 631-382-7762 or http://jkahrs@prosperityplus.com.

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