Tadano Ltd. Acquires Manitex International, Inc.

Manitowoc Acquires Aspen Equipment

September 1, 2021

Industrial Services

The Manitowoc Company, Inc. completed the acquisition of substantially all the assets of Aspen Equipment Company for approximately $51 million. The purchase expands Manitowoc's direct-to-customer footprint in Iowa, Nebraska and Minnesota and adds Aspen's crane dealership, parts & service capabilities and final-stage work-truck upfitting expertise to complement Manitowoc's National Crane boom truck and aftermarket businesses.

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.

Lou-Tec Acquires Torcan Lift Equipment

October 11, 2023

Industrial Services

Lou-Tec, a Quebec-based heavy machinery and equipment rental company, has acquired Torcan Lift Equipment, an Ontario specialist in aerial lift sales, rental and maintenance. The deal expands Lou-Tec's presence into Ontario, adds Torcan's fleet and teams to Lou-Tec's network, and is supported by Lou-Tec's private equity backers to accelerate growth and geographic expansion.

Terex Completes Merger With REV Group

February 6, 2026

Manufacturing

Terex Corporation has completed its merger with REV Group, combining complementary specialty-vehicle and equipment product lines to form a larger specialty equipment manufacturer. The combined company — which will trade on the NYSE as Terex Corporation — expects $75 million of run-rate synergies by 2028 and anticipates lower capital intensity and strong free cash flow.

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.

Tecum Equity and Western Allegheny Capital Acquire Pinnacle Cranes

October 16, 2019

Industrial Services

Tecum Equity (Western Allegheny Capital, LLC) has acquired Pinnacle Cranes, a Link‑Belt and Manitex dealer operating in North Carolina and South Carolina. Pinnacle will continue operating from its service facilities in Charlotte and Raleigh while partners plan a leadership transition and search for a new headquarters to support future growth; the business was previously a division of Carolina Tractor and Equipment Company (CTE).