An affiliate of private equity investment firm CenterGate Capital (CenterGate) has made an investment in Naumann/Hobbs Material Handling (“Naumann/Hobbs”), a material handling equipment platform with a comprehensive suite of products and services.
Established in 1949 and headquartered in Phoenix, Arizona, Naumann/Hobbs serves a wide customer base across the southwestern United States, providing a robust product portfolio including class I-V forklifts and related equipment as well as comprehensive service via its large technician fleet. The company also provides distribution operations and systems solutions nationwide. CEO Tom Hobbs will continue to lead Naumann/Hobbs and serve on its Board of Directors.
“We are excited about our partnership with CenterGate and it will allow us to continue to provide exceptional service to our customer base,” says Hobbs. “CenterGate’s investment will provide us the capital and strategic resources to continue to grow our market presence and geographic reach.”
Jeff Kovick, Principal at CenterGate Capital, adds: “We are excited to partner with Tom and the entire Naumann/Hobbs team. The company has a long track record of success, and we look forward to working with the team to execute the vision for the future and continue that trajectory.”