Manitowoc Acquires Aspen Equipment

The Manitowoc Company Acquires H&E Equipment Services' Crane Business

October 1, 2021

Industrial Services

The Manitowoc Company, Inc. has completed the acquisition of the crane business of H&E Equipment Services, Inc. for approximately $130 million. The acquired business will operate under Manitowoc’s wholly-owned subsidiary MGX Equipment Services, LLC and adds fourteen full‑service branch locations plus field service technicians to expand Manitowoc’s aftermarket capabilities and regional footprint.

Tadano Ltd. Acquires Manitex International, Inc.

September 13, 2024

Manufacturing

Tadano Ltd. agreed to acquire all outstanding shares of Manitex International, Inc. in a reverse triangular merger for $5.80 per share, implying an equity value of $122 million and a total transaction value of $223 million (including debt). The deal, announced September 12, 2024 and closed in early January 2025, makes Manitex a wholly owned subsidiary of Tadano and expands Tadano’s product lineup in truck loader cranes and aerial work platforms.

Midwest Growth Partners and Summit Equity Group Acquire Manitowoc Tool & Machining

December 15, 2022

Manufacturing

Midwest Growth Partners and Summit Equity Group, with mezzanine financing from NewSpring Mezzanine and a management rollover, completed an acquisition of Manitowoc Tool & Machining (MTM). The transaction positions MTM — a precision, production-oriented contract manufacturer serving OEM customers across agriculture, HVAC, aerospace & defense, medical and logistics/e-commerce — for continued growth and expanded capabilities under sponsor ownership.

Iwatani Corporation of America Acquires Aspen Air U.S., LLC

January 4, 2023

Industrial Services

Iwatani Corporation of America, the U.S. subsidiary of Japan-listed Iwatani Corporation, has acquired Aspen Air U.S., LLC, a Billings, Montana-based manufacturer and distributor of bulk liquid industrial gases. The acquisition marks Iwatani's entry into the U.S. industrial gases market to expand its hydrogen, industrial and specialty gases footprint; financial terms were not disclosed.

OSW Equipment & Repair Acquires Northend Truck Equipment Inc

May 10, 2019

Manufacturing

OSW Equipment & Repair LLC of Snohomish, Washington has acquired Northend Truck Equipment Inc, a Marysville, Washington-based custom manufacturer and upfitter of dump trucks, service trucks, snow plows and cranes. ACT Capital Advisors served as exclusive sell-side advisor to Northend, enabling founder Greg Stewart to transition ownership while OSW expands its manufacturing and upfitting capabilities and presence in related end-user markets.

Aspen Technology, Inc. Acquires inmation Software GmbH

October 24, 2022

Software

Aspen Technology, Inc. (AspenTech) has acquired inmation Software GmbH, a Cologne-based leader in industrial real-time information management, to strengthen its industrial data and connectivity capabilities and establish inmation as the cornerstone of its AIoT business unit. The acquisition enhances AspenTech's ability to integrate, manage, and contextualize industrial data across plant-level historians and enterprise systems to support customers' digitalization, sustainability, and profitability goals.