RMH Systems buys Ohio material handling integrator Top Shelf
The deal is RMH Systems’ second add-on since its February 2025 partnership with Rotunda Capital Partners, according to PE Hub.
By Rafael Ortiz · Fintech Correspondent
· 2 min read
RMH Systems, a portfolio company of Rotunda Capital Partners, has acquired Top Shelf, a Columbus, Ohio-based material handling integrator, according to PE Hub. The transaction terms were not disclosed, leaving purchase price, financing structure and valuation multiples unavailable.
PE Hub reported that the acquisition is RMH Systems’ second add-on since the company partnered with Rotunda Capital Partners in February 2025. Top Shelf founder Tim Neroni will remain with the business and lead the Ohio operation, according to the report.
The transaction adds another operating business to RMH Systems under Rotunda’s ownership. In private equity, an add-on acquisition typically involves a portfolio company buying a smaller or complementary business to expand its service offering, customer base, geographic reach or operating capacity. The acquired company is usually integrated into the platform company while retaining selected management, systems or local market relationships.
Top Shelf is described by PE Hub as a material handling integrator. Companies in that category typically work with customers on warehouse, distribution and industrial handling systems, although PE Hub did not provide further detail on Top Shelf’s products, customers or revenue.
RMH Systems’ acquisition activity places the company within the broader industrial and manufacturing services segment tracked by private equity investors. Add-on deals can allow a sponsor-backed company to build scale after an initial platform investment, but the economics of this transaction cannot be assessed from the disclosed information because neither revenue figures nor deal consideration were released.
Rotunda Capital Partners is the private equity sponsor behind RMH Systems, according to PE Hub. The report did not identify advisers to the buyer or seller, did not state whether debt financing was used and did not provide a closing date beyond describing the acquisition as completed.
Known transaction details
- Buyer: RMH Systems.
- Sponsor: Rotunda Capital Partners.
- Target: Top Shelf.
- Target location: Columbus, Ohio.
- Sector: Material handling integration.
- Deal status: Acquired, according to PE Hub.
- Financial terms: Not disclosed.
- Management: Founder Tim Neroni will continue to lead the Ohio operation.
- Strategic context: Second add-on for RMH Systems since its February 2025 partnership with Rotunda Capital Partners.
This story draws on original reporting from PE Hub.
