GNCO, Inc. Acquires FMH Material Handling Solutions

Towlift Rebrands FMH Material Handling Solutions and Intermountain Lift Truck Following 2022 Acquisitions

November 18, 2024

Industrial Services

Towlift has consolidated and rebranded FMH Material Handling Solutions and Intermountain Lift Truck (ILT) as Towlift dealerships, expanding its presence across the Western United States. Towlift originally acquired FMH and ILT in 2022; the rebrand aims to provide customers in the Rockies region broader access to Towlift's products, rentals, parts, service and training.

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.

GNCO, Inc. Acquires Intermountain Lift Truck

November 1, 2022

Industrial Services

GNCO, Inc. acquired Intermountain Lift Truck effective November 1, 2022, expanding GNCO’s footprint in the Intermountain West. Intermountain Lift Truck will remain under local management and will leverage GNCO resources to enhance parts, service, rental and technician capabilities across Utah and neighboring states.

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.

Ballymore (Graycliff Portfolio) Acquires Material Handling Holdings from Borgman Capital

August 24, 2023

Manufacturing

Ballymore Company, Inc., a portfolio company of Graycliff Partners LP, has acquired Material Handling Holdings, LLC (MHH) from Borgman Capital. MHH, a Wisconsin-based manufacturer and distributor of custom lifting and positioning equipment, was Borgman’s first platform investment (acquired in 2018) and will be integrated into Ballymore’s product offering to expand its material-handling capabilities.