BGL Announces Manitex International Completes the Closing of its Acquisition by Tadano Ltd.
Manitex International (NASDAQ: MNTX) has completed its acquisition by Tadano (TYO: 6395) in an all-cash transaction valued at $223 million, or $5.80 per share, representing a 52% premium over the last trading day's closing price before announcement. Following the acquisition, Manitex becomes a wholly owned subsidiary of Tadano, and its shares are no longer publicly traded.
Manitex, headquartered in Bridgeview, Illinois, is a leading manufacturer of truck cranes, aerial work platforms, and specialized lifting solutions, with manufacturing facilities in the United States, Italy, and Romania. The company's portfolio includes recognized brands such as Manitex, PM, Oil & Steel, Valla, and Rabern Rentals. The company serves infrastructure, maintenance, utility, manufacturing, and construction markets, offering innovative solutions including environmentally focused, electrically powered products.
Manitex International (NASDAQ: MNTX) ha completato la sua acquisizione da parte di Tadano (TYO: 6395) in un'operazione completamente in contante del valore di 223 milioni di dollari, ovvero 5,80 dollari per azione, che rappresenta un premio del 52% rispetto al prezzo di chiusura dell'ultimo giorno di contrattazione prima dell'annuncio. Dopo l'acquisizione, Manitex diventa una controllata interamente posseduta da Tadano e le sue azioni non sono più quotate pubblicamente.
Manitex, con sede a Bridgeview, Illinois, è un produttore leader di gru su camion, piattaforme di lavoro aeree e soluzioni di sollevamento specializzate, con stabilimenti di produzione negli Stati Uniti, in Italia e in Romania. Il portafoglio dell'azienda include marchi riconosciuti come Manitex, PM, Oil & Steel, Valla e Rabern Rentals. L'azienda serve i mercati delle infrastrutture, della manutenzione, dei servizi, della produzione e delle costruzioni, offrendo soluzioni innovative, comprese prodotte ecologicamente focalizzate e alimentate elettricamente.
Manitex International (NASDAQ: MNTX) ha completado su adquisición por parte de Tadano (TYO: 6395) en una transacción completamente en efectivo valorada en 223 millones de dólares, o 5.80 dólares por acción, lo que representa una prima del 52% sobre el precio de cierre del último día de negociación antes del anuncio. Tras la adquisición, Manitex se convierte en una filial de propiedad total de Tadano, y sus acciones ya no se negocian públicamente.
Manitex, con sede en Bridgeview, Illinois, es un fabricante líder de grúas sobre camiones, plataformas de trabajo aéreo y soluciones de elevación especializadas, con instalaciones de fabricación en los Estados Unidos, Italia y Rumanía. El portafolio de la compañía incluye marcas reconocidas como Manitex, PM, Oil & Steel, Valla y Rabern Rentals. La empresa atiende los mercados de infraestructura, mantenimiento, servicios públicos, manufactura y construcción, ofreciendo soluciones innovadoras que incluyen productos eléctricos y con enfoque ambiental.
Manitex International (NASDAQ: MNTX)는 Tadano (TYO: 6395)에 의해 2억 2천3백만 달러 가치의 전액 현금 거래로 인수 완료하였으며, 주당 5.80달러로 인수 발표 전 마지막 거래일 종가에 비해 52%의 프리미엄을 나타냅니다. 인수 후 Manitex는 Tadano의 완전 자회사로 전환되며, 그 주식은 더 이상 공개적으로 거래되지 않습니다.
Illinois 주 Bridgeview에 본사를 두고 있는 Manitex는 트럭 크레인, 고소작업 플랫폼 및 특수 리프팅 솔루션의 선두 제조업체이며, 미국, 이탈리아, 루마니아에 제조 시설을 운영하고 있습니다. 이 회사의 포트폴리오에는 Manitex, PM, Oil & Steel, Valla 및 Rabern Rentals와 같은 잘 알려진 브랜드가 포함됩니다. 이 회사는 인프라, 유지보수, 유틸리티, 제조 및 건설 시장에 서비스를 제공하며, 환경 친화적이며 전기로 구동되는 혁신적인 솔루션을 제공합니다.
Manitex International (NASDAQ: MNTX) a finalisé son acquisition par Tadano (TYO: 6395) dans une transaction entièrement en espèces d'une valeur de 223 millions de dollars, soit 5,80 dollars par action, représentant une prime de 52 % par rapport au dernier prix de clôture du jour précédent l'annonce. Suite à l'acquisition, Manitex devient une filiale à part entière de Tadano et ses actions ne sont plus négociées publiquement.
Manitex, dont le siège est à Bridgeview, dans l'Illinois, est un fabricant de premier plan de grues sur camion, de plates-formes de travail aérien et de solutions de levage spécialisées, avec des installations de fabrication aux États-Unis, en Italie et en Roumanie. Le portefeuille de l'entreprise comprend des marques reconnues telles que Manitex, PM, Oil & Steel, Valla et Rabern Rentals. L'entreprise sert les marchés des infrastructures, de la maintenance, des services publics, de la fabrication et de la construction, offrant des solutions innovantes, y compris des produits axés sur l'environnement et alimentés électriquement.
Manitex International (NASDAQ: MNTX) hat seine Übernahme durch Tadano (TYO: 6395) in einer rein bargeldlichen Transaktion im Wert von 223 Millionen US-Dollar abgeschlossen, was 5,80 USD pro Aktie entspricht und eine Prämie von 52 % gegenüber dem Schlusskurs des letzten Handelstags vor der Ankündigung darstellt. Nach der Übernahme wird Manitex eine hundertprozentige Tochtergesellschaft von Tadano und ihre Aktien werden nicht mehr öffentlich gehandelt.
Manitex mit Hauptsitz in Bridgeview, Illinois, ist ein führender Hersteller von Lkw-Kranen, Hubarbeitsbühnen und spezialisierten Hebelösungen mit Produktionsstätten in den Vereinigten Staaten, Italien und Rumänien. Das Portfolio des Unternehmens umfasst anerkannte Marken wie Manitex, PM, Oil & Steel, Valla und Rabern Rentals. Das Unternehmen bedient die Märkte für Infrastruktur, Wartung, Versorgungsunternehmen, Fertigung und Bau, wobei innovative Lösungen angeboten werden, die unter anderem umweltfreundliche, elektrisch betriebene Produkte umfassen.
- All-cash acquisition at $223 million with 52% premium over market price
- Strong manufacturing presence across US, Italy, and Romania
- Market leadership in specialized lifting solutions
- Diversified product portfolio including eco-friendly electric solutions
- MNTX shareholders lose future upside potential as shares are delisted
- Loss of independent decision-making as company becomes subsidiary
Insights
The $223 million acquisition of Manitex by Tadano represents a significant consolidation in the specialized lifting equipment industry. The
The deal structure as an all-cash transaction at
This acquisition strategically positions the combined entity to capitalize on growing infrastructure and construction demands globally. Manitex's specialized electric-powered equipment portfolio aligns perfectly with increasing environmental regulations and sustainable construction requirements, particularly in developed markets. The integration of Manitex's Rabern Rentals division into Tadano's operations opens up significant opportunities in the high-growth equipment rental market, especially in the robust Texas construction sector.
The consolidation enhances competitive positioning against larger industry players, combining Manitex's innovation in specialized lifting solutions with Tadano's century-long expertise in crane manufacturing. This merger particularly strengthens the combined entity's position in the mobile crane and aerial work platform segments, where market growth is driven by urbanization and infrastructure modernization trends.
Leading provider of mobile truck cranes, aerial work platforms, specialized lifting solutions, and construction equipment rentals
Headquartered in
Founded in 1919 and headquartered in Takamatsu,
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
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