M&A Deal Summary

Manitowoc Acquires Aspen Equipment

On August 16, 2021, Manitowoc acquired automotive company Aspen Equipment for 51M USD

Acquisition Highlights
  • This is Manitowoc’s 1st transaction in the Automotive sector.
  • This is Manitowoc’s 3rd largest (disclosed) transaction.
  • This is Manitowoc’s 3rd transaction in the United States.
  • This is Manitowoc’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2021-08-16
Target Aspen Equipment
Sector Automotive
Buyer(s) Manitowoc
Deal Type Add-on Acquisition
Deal Value 51M USD

Target

Aspen Equipment

Bloomington, Minnesota, United States
Aspen Equipment is a crane dealer and a final-stage, purpose-built work truck upfitter. Aspen's inventory consists of boom trucks, grapples, cranes, snowplows, truck bodies, Doosan air compressors, loaders, and more. Aspen Equipment was founded in 1926 and is based in Bloomington, Minnesota.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Manitowoc

Milwaukee, Wisconsin, United States
Category Company
Founded 1902
Sector Machinery
Employees4,800
Revenue 2.2B USD (2023)
DESCRIPTION

Manitowoc is a manufacturer of crawler cranes, tower cranes, and mobile cranes for the heavy construction industry, which are complemented by product support services. Manitowoc also manufactures commercial food service equipment. Manitowoc was founded in 1902 and is based in Milwaukee, Wisconsin.

DEAL STATS #
Overall 4 of 4
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Minnesota) 1 of 1
Country (United States) 3 of 3
Year (2021) 2 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 H&E Equipment Services - Crane Business

Baton Rouge, Louisiana, United States

H&E Equipment Services' Crane Business provides rentals, new sales, used sales, aftermarket parts, and service to a variety of end-market customers.

Buy $130M
Mergr

Product

Company

Legal