M&A Deal Summary

Leavitt Machinery Acquires Interior Lift Truck Services

On October 23, 2001, Leavitt Machinery acquired business services company Interior Lift Truck Services from Finning for 65M CAD

Acquisition Highlights
  • This is Leavitt Machinery’s 1st transaction in the Business Services sector.
  • This is Leavitt Machinery’s 0th largest (disclosed) transaction.
  • This is Leavitt Machinery’s 1st transaction in Canada.
  • This is Leavitt Machinery’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2001-10-23
Target Interior Lift Truck Services
Sector Business Services
Buyer(s) Leavitt Machinery
Sellers(s) Finning
Deal Type Divestiture
Deal Value 65M CAD

Target

Interior Lift Truck Services

Langley, British Columbia, Canada
Interior Lift Truck Services, Inc. provides sales, rentals and servicing of new and used forklifts and high-reach equipment.

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Buyer(S) 1

Buyer

Leavitt Machinery

Coquitlam, British Columbia, Canada

website

Category Company
Sector Machinery
DESCRIPTION

Leavitt Machinery is one of the fastest growing materials handling equipment dealers in North America. Company pride ourselves on providing a wide variety of equipment options for every application. Company is a full service branches offer new and used equipment sales, short and long term rentals, emergency and preventative maintenance, safety training and parts support.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2001) 1 of 1

Seller(S) 1

SELLER

Finning

Surrey, British Columbia, Canada

website

Category Company
Founded 1933
Sector Machinery
Employees13,188
Revenue 10.5B CAD (2023)
DESCRIPTION

Finning is the largest Caterpillar dealer operating in some of the most resource-rich territories in the world. Finning was founded in 1933 and is based in Surrey, Canada.

DEAL STATS #
Overall 1 of 2
Sector (Business Services) 1 of 2
Type (Divestiture) 1 of 2
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2001) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-08 Cat Motoren GMBH KG

Hamburg, Germany

Cat Motoren GMBH & Co. KG manufactures diesel engines primarily for marine propulsion ranging from 1,260 hp to 22,030 hp.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-13 Macrosa Del Plata S.A.

Beccar, Argentina

Macrosa Del Plata S.A. is a distributor of machinery and equipment to heavy construction, mining, forestry, and marine industries.

Buy -
Mergr

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