Leading provider of mobile truck cranes,
aerial work platforms, specialized lifting solutions, and
construction equipment rentals
CLEVELAND, Jan. 7, 2025
/PRNewswire/ -- Brown Gibbons Lang & Company (BGL) is pleased
to announce that Manitex International, Inc. (NASDAQ: MNTX)
(Manitex) has completed the acquisition by Tadano Ltd. (TYO:
6395) (Tadano). BGL's Engineered Equipment investment banking team
served as the exclusive financial advisor to Manitex in the
transaction. Under the terms of the transaction, Tadano acquired
Manitex in an all-cash transaction valued at $223 million at the time of announcement or
$5.80 per share, a 52% premium over
the closing price for the last trading day prior to announcement.
Following the acquisition, Manitex is a wholly owned subsidiary of
Tadano, and Manitex's shares are no longer publicly traded.
The Company's globally recognized brands
include Manitex, PM, Oil & Steel, Valla, and Rabern
Rentals.
Headquartered in Bridgeview,
Illinois, Manitex is a leading international
manufacturer of truck cranes, aerial work platforms, specialized
lifting solutions, and construction equipment rentals to
infrastructure, maintenance, utility, manufacturing, and
construction markets. Manitex engineers and manufactures its
products in world-class assembly and fabrication facilities in
the United States, Italy, and Romania, supported by a global proprietary
dealer distribution network. Manitex is a market share leader
providing innovative, tailored solutions to its customers,
including environmentally focused, electrically powered products
unmatched in their versatility and design. Its portfolio of
manufactured lifting and aerial access solutions is complemented by
the Company's growing equipment rental and consumables division,
Rabern Rentals, which is headquartered in and serves the
North Texas market. The Company's
globally recognized brands include Manitex, PM, Oil & Steel,
Valla, and Rabern Rentals.
Founded in 1919 and headquartered in Takamatsu, Japan, Tadano is an original
equipment manufacturer and distributor of construction and
vehicle-mounted cranes, aerial work platforms, and other
specialized material handling solutions sold globally under a set
of highly recognized brands.
BGL's Industrials Group has extensive global transaction
experience and domain knowledge across a broad range of industrial
end markets. Our emphasis is on providing investment banking
advisory services and capital raising strategies to
middle-market companies that offer unique value propositions to
their customers and proprietary product and service offerings.
To learn more about the state of M&A across the Industrial
market, including how trends will shape the future landscape of
industrial M&A, download our most recent Industrials research
reports: https://bit.ly/BGLIndustrialsResearch.
About Brown Gibbons Lang & Company
Brown Gibbons
Lang & Company (BGL) is a leading independent investment bank
and financial advisory firm focused on the global middle market.
The firm advises private and public corporations and private equity
groups on mergers and acquisitions, capital
markets, financial restructurings, business valuations
and opinions, and other strategic matters. BGL has
investment banking offices in Boston, Chicago, Cleveland, Los
Angeles, and New York, and
real estate offices in Chicago,
Cleveland, and San Antonio. The firm is also a founding
member of REACH Cross-Border Mergers & Acquisitions, enabling
BGL to service clients in more than 30 countries around the world.
Securities transactions are conducted through Brown, Gibbons, Lang
& Company Securities, LLC, an affiliate of Brown Gibbons Lang
& Company LLC and a registered broker-dealer and member of
FINRA and SIPC. For more information, please visit
www.bglco.com.
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