Industrial Products

Aspen Equipment

Distributor and upfitter of truck equipment and a distributor of heavy cranes.

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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Hennepin Partners LLC