The Manitowoc Company Acquires H&E Equipment Services' Crane Business
October 1, 2021
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.
- Buyers
- The Manitowoc Company, Inc., MGX Equipment Services, LLC
- Targets
- H&E Equipment Services, Inc. (crane business)
- Sellers
- H&E Equipment Services, Inc.
- Industry
- Industrial Services
- Location
- Louisiana, United States
- Transaction Type
- Divestiture
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