Transaction Overview
- Represented an entrepreneur in the sale of Aspen Equipment (“Aspen”) to The Manitowoc Company (NYSE:MTW).
- Aspen is a leading final stage manufacturer of purpose-built work trucks and a distributor of heavy equipment, serving a diverse range of customers across government, utility, railroad, industrial and construction end markets.
Key Observations
- Client was seeking liquidity in preparation for retirement after decades of owning and operating Aspen Equipment.
Drivers of Interest
- Comprehensive, highly diversified product and service offering.
- Proprietary internal software systems that streamlined operations.
- Exceptional channel, market and customer diversity.
- Top tier truck equipment and heavy equipment distribution partners.
- Strong customer service model.
- Multi-location footprint.
- Experienced, highly driven leadership team.
- Strong organic growth profile.
- Actionable, near-term growth avenues.
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