Manitex Completes Acquisition by Tadano
Deal News | Jan 07, 2025 | Brown Gibbons Lang and Company (BGL)
Manitex International, Inc., a leading provider of engineered lifting solutions, has officially become a part of Tadano Ltd. This acquisition was facilitated by Brown Gibbons Lang & Company, an advisory firm specializing in investment banking. The completion of this deal marks a significant expansion in Tadano's portfolio, aligning with its strategic goal of enhancing its product offerings in the crane and lifting sectors. The integration of Manitex is expected to bolster Tadano's position in the global market, leveraging Manitex's existing infrastructure and expertise.
Sectors
- Construction Machinery
- Investment Banking
Geography
- United States – Manitex International, the target company, is based in the United States.
- Japan – Tadano Ltd., the acquiring company, is based in Japan.
Industry
- Construction Machinery – This industry classification is relevant as Manitex International and Tadano Ltd. are both involved in the production and distribution of cranes and lifting equipment, which are key components of construction machinery.
- Investment Banking – Brown Gibbons Lang & Company, the advisory firm facilitating the acquisition, operates within the investment banking sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Manitex International, Inc. | Target | Company | A provider of engineered lifting solutions, listed on NASDAQ under the ticker MNTX. |
| Tadano Ltd. | Bidding Company | Company | A Japanese company engaged in the production of cranes and lifting equipment, listed on the Tokyo Stock Exchange under TYO: 6395. |
| Brown Gibbons Lang & Company | Advisor | Company | An investment banking advisory firm that facilitated the acquisition process. |