C.W. Downer & Co. Advises FORTE Industries On Sale to Swisslog USA Inc.

BOSTON, April 23, 2015 – C.W. Downer & Co.,a leading global middle-market investment bank, is pleased to announce that FORTE Industries ("FORTE" or the "Company") has been sold to Swisslog USA Inc., a US subsidiary of the global automation solutions company, Swisslog Holding AG (SLOG:SWX).

Founded in 1980 and based in Mason, OH, FORTE is a leading warehouse automation service provider specializing in supply chain consulting, design, engineering, implementation and support, as well as proprietary Warehouse Execution Software. FORTE offers complete end-to-end automated solutions that range from assessing and optimizing current warehouse operations to designing and building multi-channel distribution networks. The company has been named twice to the Inc. 500 list of “America’s Fastest Growing Privately-Held Companies” and has earned multiple material handling industry accolades for its excellence in design/build.

FORTE will continue to operate within its well-established business model as a separate unit of Swisslog Warehouse & Distribution Solutions (WDS) North America. Upon completion of the transaction, Gene Forte, FORTE’s founder and owner, transitioned management of the Company to Swisslog.

Mr. Forte commented, “I could never have accomplished the overwhelming challenge of selling a multi-faceted business as complex as ours, in an industry as transformational as the supply chain space, if not for C.W. Downer’s highly dedicated team. Their broad and deep international experience positions them as the premier mid-market investment banking firm internationally.”

Mike Howell, Managing Director & Partner with C.W. Downer & Co., further commented, “This is the second Material Handling transaction we have completed in 2015 and we continue our commitment to being the leading M&A advisor to Material Handling Industry.”

The C.W. Downer & Co. team advising FORTE on the divestiture included Mr. Howell (Managing Director & Partner), Frank Merkel (Managing Director & Partner), Chris Donegan (Director), Michaela Pfeifenberger (Director), Chris DiPietro (Associate) and David Peslak (Analyst).

About C.W. Downer & Co.

C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 40 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With nine fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover hidden acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit

For Further Information:

Michael Howell, Managing Director & Partner
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C.W. Downer & Co.
+1 617 482 6200

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