Deal Description: On April 23, 2026, American Industrial Partners (AIP), a U.S.-based industrials-focused private equity firm, announced that a fund managed by it has entered into a definitive agreement to acquire the Warehouse and Workflow Solutions (“WWS”) business of Honeywell International Inc. (NASDAQ: HON). Terms of the transaction were not disclosed.

WWS, which generated approximately $935 million in revenue in 2025, is a leading provider of material handling and warehouse automation solutions, including automated sortation systems, palletizers, conveyors, robotics solutions, as well as aftermarket services and software. Built on the legacies of Intelligrated and Transnorm, the business serves a global customer base and is supported by more than 3,300 employees. 

The transaction is subject to customary closing conditions, including required regulatory approvals, and is expected to close in the second half of 2026.

Baker Botts is acting as regulatory counsel to AIP.

The Baker Botts team was led by Paul Cuomo (Partner, Washington, D.C.) and included Stacy Turner (Partner, Washington, D.C.), Christine Ryu-Naya (Special Counsel, Washington, D.C.) and David Cardwell (Partner, Brussels) and associates Margot Vogels, Kassia Pletscher and legal intern Mounir Younes (Brussels).

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