An unknown fund managed by AIP, LLC signed a definitive agreement to acquire Warehouse and Workflow Solutions business from Honeywell International Inc..
Published on 04/23/2026
at 12:40 pm EDT - Modified on 04/22/2026
An unknown fund managed by AIP, LLC signed a definitive agreement to acquire Warehouse and Workflow Solutions business from Honeywell International Inc. (NasdaqGS:HON) on April 23, 2026. The consideration will be paid in cash.
For the period ending December 31, 2025, Honeywell International Inc.'s Warehouse and Workflow Solutions reported total revenue of approximately $940 million.
The transaction is subject to customary closing conditions, including the receipt of required regulatory approvals, and is expected to close in the second half of 2026. As of June 8, 2026, the transaction expects to close by the fourth quarter.
Evercore Inc. acted as financial advisor for AIP, LLC. Paul Cuomo, Stacy Turner, Christine Ryu-Naya, and David Cardwell of Baker Botts L.L.P. with offices in the US and Brussels acted as legal advisor and Ropes & Gray LLP acted as transaction and financing counsel for AIP, LLC.
Honeywell International Inc. specializes in the manufacturing and marketing of industrial equipment. The group also offers maintenance, technical assistance and engineering services. Net sales break down by family of products as follows:
- aeronautical equipment (46.8%): engines, navigation hardware and software, propulsion and communication systems, satellite and space components, lighting equipment, wheels, etc. The group also offers turbochargers for motor vehicles;
- performance materials and technologies (25.1%): polymers, fibers, resins, acids, additives, catalysts, sorbents, semiconductor packaging materials, coating materials, etc.;
- building automation and control systems (19.7%): heating and ventilation control systems, fire alarms, thermostats, monitoring systems, etc.;
- security and productivity optimization solutions (8.4%): personal safety equipment, warning systems, gas detection systems, data collection and thermal printing computer solutions, warehouse and supply chain automation systems, data and production process management solutions, etc.
Net sales are distributed geographically as follows: the United States (58.2%), Europe (21.7%) and other (20.1%).
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
An unknown fund managed by AIP, LLC signed a definitive agreement to acquire Warehouse and Workflow Solutions business from Honeywell International Inc..
