Manitowoc Acquires Aspen Equipment
September 1, 2021
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.
- Buyers
- The Manitowoc Company, Inc.
- Targets
- Aspen Equipment Company
- Sellers
- Aspen Equipment Company
- Industry
- Industrial Services
- Location
- Minnesota, United States
- Transaction Type
- Buyout
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