PaR Systems purchases Unidynamics

PaR Systems Inc. announced the acquisition of the assets of Unidynamics Inc., a leading U.S. material handling and specialty equipment company, based in Conroe, Texas. The purchase was funded with capital from PaR Systems financial partner, American Capital Strategies.

Unidynamics joins Jered LLC, a wholly owned subsidiary of PaR Systems, to provide specialty material handling design, manufacturing and service to the marine and military markets. Recently, Unidynamics made specialized handling equipment installed in military applications including the Littoral Combat Ship, the first of the U.S. Navy's planned next-generation surface combatants.

“The acquisition of Unidynamics enhances PaR Systems’ existing automation and material handling solutions and strengthens our support for military and commercial marine customers,” said Rick Edger, Jered president and head of PaR Systems’ military division.

PaR Systems purchased Unidynamics’ assets from their section 363 bankruptcy sale process. PaR Systems plans to act quickly to complete Unidynamics’ immediate projects before relocating the facility to Jered’s Brunswick, Ga., location.