Leading provider of mobile truck cranes,
aerial work platforms, specialized lifting solutions, and
construction equipment rentals
CLEVELAND, Sept. 12,
2024 /PRNewswire/ -- Brown Gibbons Lang &
Company (BGL) is pleased to announce that Manitex International,
Inc. (NASDAQ: MNTX) (Manitex) has signed a definitive agreement to
be acquired by Tadano Ltd. (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 will acquire Manitex in an all-cash transaction valued at
$223 million or $5.80 per share, a 52% premium over the closing
price for the last trading day.
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 North America and
Europe, distributing them through
its proprietary dealers worldwide. 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.
The transaction is expected to close early in the first quarter
of 2025, following receipt of shareholder and regulatory
approval.
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 Chicago, Cleveland, Los
Angeles, and New York, and
real estate offices in Boston,
Chicago, Cleveland, and San
Antonio. The firm is also a founding member of Global
M&A Partners, enabling BGL to service clients in more than 35
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.
Industry Contacts:
Andrew
Petryk
Head of Industrials
apetryk@bglco.com
216.920.6613
Justin A.
Wolfort
Director
Engineered Equipment
jwolfort@bglco.com
216.920.6629
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SOURCE Brown Gibbons Lang & Company