M&A Deal Summary

Right Lane Capital Acquires London Machinery

On January 31, 2023, private equity firm Right Lane Capital acquired machinery company London Machinery from Oshkosh

Acquisition Highlights
  • This is Right Lane Capital’s 4th transaction in the Machinery sector.
  • This is Right Lane Capital’s 2nd transaction in Canada.
  • This is Right Lane Capital’s 1st transaction in Ontario.

M&A Deal Summary
Date 2023-01-31
Target London Machinery
Sector Machinery
Buyer(s) Right Lane Capital
Sellers(s) Oshkosh
Deal Type Divestiture

Target

London Machinery

London, Ontario, Canada
London Machinery is a manufacturer of concrete mixers trucks. London Machinery as a sole distributor of McNeilus refuse trucks, we offer a complete line of severe duty products. London Machinery was founded in 1906 and is based in London, Ontario.

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Buyer(S) 1

Buyer

Right Lane Capital

Investor

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Right Lane Capital is a private holding company focused on acquiring lower-middle market ($5 to $100 million of revenue) companies with no investment horizon. The Firm prefers industrial businesses including equipment manufacturing, component manufacturing, industrial services, specialty distribution, agriculture, and power generation. Prospective transaction situations include take privates, buyouts, divestitures, distressed situations, and recapitalizations. Right Lane Capital is headquartered in Chicago, Illinois.

DEAL STATS #
Overall 9 of 9
Sector (Machinery) 4 of 4
Type (Divestiture) 6 of 6
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-31 McNeilus - Rear Discharge Mixer business

Dodge Center, Minnesota, United States

McNeilus' Rear Discharge Mixer business includes the iconic Bridgemaster brand. McNeilus' Rear Discharge Mixer business is based in Dodge Center, Minnesota.

Buy -

Seller(S) 1

SELLER

Oshkosh

Oshkosh, Wisconsin, United States
Category Company
Founded 1917
Sector Automotive
Employees17,300
Revenue 9.7B USD (2023)
DESCRIPTION
Entrance to Oshkosh's corporate headquarters in Oshkosh, Wisconsin.
Entrance to Oshkosh's corporate headquarters in Oshkosh, Wisconsin.

Oshkosh is a designer, manufacturer and marketer of a broad range of specialty vehicles and vehicle bodies. The Company partners with customers to deliver solutions that move people and materials. Oshkosh was founded in 1917 and is based in Oshkosh, Wisconsin.

DEAL STATS #
Overall 3 of 3
Sector (Machinery) 1 of 1
Type (Divestiture) 3 of 3
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-15 Hinowa

Verona, Italy

Hinowa is a privately held international company and leading manufacturer of track-based aerial work platforms, mini dumpers, lift trucks and undercarriages. Hinowa was founded in 1987 and is based in Verona, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-30 JBT s AeroTech Business

Chicago, Illinois, United States

JBT's AeroTech Business is a provider of aviation ground support products, gate equipment and airport services to commercial airlines, airports, air-freight carriers, ground handling and military customers. JBT's AeroTech Business is based in Chicago, Illinois.

Buy $800M
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