BMH Equipment Acquires Myers Forklift

BMH Equipment Acquires Ohio Forklift Dealership

January 25, 2023

Industrial Services

BMH Equipment, LLC (Washington, D.C.) has acquired an Ohio-based forklift dealership as part of its strategy to expand its material-handling dealership footprint and capabilities. Calder Capital served as buy-side advisor; transaction terms and the seller identity were not disclosed.

BMH Equipment Acquires Frank H. Gill Company

October 23, 2022

Industrial Services

BMH Equipment, LLC acquired Frank H. Gill Company of Lansing, Illinois from owners John and Tom Gill. Calder Capital advised BMH on the buy-side; the acquisition expands BMH's material-handling product offerings and geographic footprint (bringing BMH to five locations) and Frank H. Gill will operate under its existing name for a transition period. Terms were not disclosed.

American Storage & Logistics (BMH Equipment) Acquires Binghamton Material Handling and Granite Industrial

July 18, 2022

Industrial Services

Michigan-based American Storage & Logistics (rebranding to BMH Equipment LLC) has acquired Binghamton Material Handling and Granite Industrial to expand its product lines, service capabilities, and regional reach across the Northeastern United States. The acquirer plans to rebrand the businesses under the BMH Equipment umbrella and consolidate inventory into a single e-commerce platform to speed delivery and unify offerings.

Myers Industries Acquires Elkhart Plastics, Inc.

November 10, 2020

Manufacturing

Myers Industries (NYSE: MYE) acquired the assets of Elkhart Plastics, Inc., adding the South Bend-based rotational molder to its Material Handling segment and combining it with Myers' Ameri-Kart business to form the fifth-largest rotational molder in the United States. Elkhart operates six U.S. manufacturing facilities with approximately 460 employees and had roughly $100 million of revenue in 2019; Myers financed the acquisition with cash, expects immediate accretion to earnings, and projects $4–6 million of annual cost synergies.

Borgman Capital Acquires Harlo Corporation

June 3, 2025

Manufacturing

Borgman Capital, a Milwaukee-based private investment firm, has acquired Harlo Corporation, an 88-year-old manufacturer of rough terrain forklifts headquartered in Grandville, Michigan. The transaction transfers ownership from the Crooks family to Borgman Capital; Harlo will continue to operate under its name with existing leadership and 54 employees, and will gain resources to expand capacity and product development.

Myers Industries Acquires Mohawk Rubber Sales of New England Inc.

June 1, 2022

Logistics & Distribution

Myers Industries (NYSE: MYE) acquired the assets of Mohawk Rubber Sales of New England Inc., a leading auto aftermarket and tire repair distributor headquartered in Hingham, Massachusetts. The acquisition, financed with Myers' revolving credit facility, adds four distribution centers and ~$65M of 2021 revenue to Myers' Distribution segment to expand geographic coverage, improve supply chain scale, and capture cost and growth synergies.