Manitex Seals a Deal with Tadano: Acquisition Complete
Deal News | Jan 07, 2025 | EIN
Manitex International, a prominent manufacturer of truck cranes and other lifting solutions, has completed its acquisition by Tadano Ltd., a leading Japanese manufacturer of construction and vehicle-mounted cranes. Manitex, headquartered in Bridgeview, Illinois, has a strong market presence with operations in the US, Italy, and Romania, and offers a diversified portfolio of innovative and environmentally-friendly solutions. Tadano, established in 1919 in Takamatsu, Japan, brings its long-standing expertise and global brand recognition to this strategic acquisition, aiming to enhance its industrial foothold worldwide. The deal was facilitated by Brown Gibbons Lang & Company (BGL), a respected investment bank known for its proficiency in middle-market transactions. BGL's Industrials Group played a crucial role in advising this transformative M&A deal, indicating ongoing consolidation trends in the industrial market sector.
Sectors
- Manufacturing
- Construction
- Financial Services
Geography
- United States – Manitex International is headquartered in Bridgeview, Illinois.
- Japan – Tadano Ltd. is headquartered in Takamatsu, Japan.
Industry
- Manufacturing – The manufacturing industry is relevant as Manitex specializes in the production of truck cranes and lifting solutions.
- Construction – The construction industry is relevant due to Manitex and Tadano's focus on producing construction equipment and vehicle-mounted cranes.
- Financial Services – Financial Services is relevant as BGL is providing investment banking and financial advisory services for the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Manitex International | Target Company | Company | A leading manufacturer of truck cranes and lifting solutions. |
| Tadano Ltd. | Bidding Company | Company | A Japanese company specializing in the manufacture of construction and vehicle-mounted cranes. |
| Brown Gibbons Lang & Company | Financial Advisor | Company | An independent investment bank advising on the acquisition. |