M&A Deal Summary

GNCO Acquires Intermountain Lift Truck

On November 1, 2022, GNCO acquired manufacturer Intermountain Lift Truck

Acquisition Highlights
  • This is GNCO’s 1st transaction in the Manufacturing sector.
  • This is GNCO’s 1st transaction in the United States.
  • This is GNCO’s 1st transaction in Utah.

M&A Deal Summary
Date 2022-11-01
Target Intermountain Lift Truck
Sector Manufacturing
Buyer(s) GNCO
Deal Type Add-on Acquisition

Target

Intermountain Lift Truck

Salt Lake City, Utah, United States
Intermountain Lift Truck is a material handling equipment company specializing in aftermarket replacement parts, support, and service for all makes and models of forklifts. Intermountain Lift Truck is based in Salt Lake City, Utah.

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Buyer(S) 1

Buyer

GNCO

Brooklyn Heights, Ohio, United States
Category Company
Founded 2012
Sector Business Services
DESCRIPTION

GNCO is a holding company with a diverse portfolio of highly motivated operating companies within the equipment distribution industry. Each operating company is independently operated and has separate product lines and service offerings. GNCO was founded in 2012 and is based in Brooklyn Heights, Ohio.

DEAL STATS #
Overall 1 of 2
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Utah) 1 of 1
Country (United States) 1 of 2
Year (2022) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-29 FMH Material Handling Solutions

Denver, Colorado, United States

FMH Material Handling Solutions offers a full line of material handling products including new, used, and rental forklifts, pallet jacks, loading dock equipment, shelving, and pallet racks to handle all material handling needs. FMH Material Handling Solutions is based in Denver, Colorado.

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