Brooks Automation, a robotics and software automation company backed by Thomas H. Lee Partners, is reportedly considering an initial public offering. The company, which has a history of acquisitions, has been working with advisors to explore its options.

While no final decision has been made, the potential IPO could provide an exit for its private equity owner and allow Brooks to access public markets for future growth. Thomas H. Lee Partners acquired Brooks Automation in 2020 for $1 billion.

Brooks Automation specializes in automation solutions for various industries, including life sciences, industrial, and semiconductor markets. The company has made several strategic acquisitions over the years to expand its product portfolio and market reach. A public offering would mark a significant milestone for the company and its investors.