American Industrial Partners to Acquire Honeywell WWS Business

American Industrial Partners (AIP) said a fund it manages will acquire the Warehouse and Workflow Solutions (WWS or the Company) business of Honeywell. The deal was signed under a definitive agreement, with terms not disclosed, and would bring WWS under AIP’s ownership subject to closing conditions.

AIP’s investment in WWS builds on its existing investment in Trew, a U.S.-based manufacturer and integrator of automated material handling systems and software. WWS generated approximately $935 million in revenue in 2025 and the business is supported by more than 3,300 employees.

WWS is a provider of material handling and warehouse automation solutions, including projects, services, and products such as automated sortation systems, palletizers, conveyors, and robotics solutions. The company also offers aftermarket services and software, and the business was built on the legacies of Intelligrated and Transnorm.

AIP said the transaction is subject to customary closing conditions, including receipt of required regulatory approvals, and is expected to close in the second half of 2026. Evercore is acting as exclusive financial advisor to AIP, while Ropes & Gray LLP is acting as transaction and financing counsel and Baker Botts LLP is acting as regulatory counsel to AIP.

“As demand for warehouse automation continues to grow, driven by e-commerce, labor shortages, and supply chain digitization, WWS is well-positioned to capitalize on these tailwinds,” said Murray Grainger, Partner at AIP. “Built on the strong foundation of the Intelligrated platform, the business combines leading technology, a broad installed base, and longstanding customer relationships. We look forward to partnering with the WWS and Trew teams to create a complementary platform that builds on these strengths and support the Company's next phase of growth.” “Intelligrated and Transnorm are highly regarded brands in warehouse automation, built on the strength of their people and long-standing customer relationships,” said Alfred Rebello, Trew CEO. “We are excited to partner with the WWS team to build on these foundations and continue delivering for customers.”

The companies described the agreement’s path to completion as subject to regulatory approvals and customary closing conditions, with a closing expected in the second half of 2026.