M&A Deal Summary

Time Manufacturing Acquires Aspen Aerials

On October 2, 2018, Time Manufacturing acquired machinery company Aspen Aerials

Acquisition Highlights
  • This is Time Manufacturing’s 1st transaction in the Machinery sector.
  • This is Time Manufacturing’s 1st transaction in the United States.
  • This is Time Manufacturing’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2018-10-02
Target Aspen Aerials
Sector Machinery
Buyer(s) Time Manufacturing
Deal Type Add-on Acquisition

Target

Aspen Aerials

Duluth, Minnesota, United States
Aspen Aerials is a manufacture of high reaching, stable, and durable specialty equipment used to inspect the safety and integrity of bridges. Aspen Aerials is based in Duluth, Minnesota.

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Buyer(S) 1

Buyer

Time Manufacturing

Waco, Texas, United States
Category Company
Founded 1965
Sector Machinery
DESCRIPTION

Time Manufacturing is a global manufacturer of bucket trucks, digger derricks, cable placers, truck bodies, buckets, and other specialty equipment for the electric utility, telecommunications infrastructure, bridge inspection, tree care, and other fleet-supported industries. Selling via the Versalift, BrandFX, Aspen Aerials, Ruthmann, Steiger, Ecoline and Bluelift brands. Time Manufacturing was founded in 1965 and is based in Waco, Texas.

DEAL STATS #
Overall 1 of 5
Sector (Machinery) 1 of 3
Type (Add-on Acquisition) 1 of 4
State (Minnesota) 1 of 1
Country (United States) 1 of 3
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-06 BrandFX

Fort Worth, Texas, United States

BrandFX LLC is a manufacturer and seller of composite utility truck bodies. Products include service bodies designed for smaller utility trucks, line bodies designed for medium-sized utility trucks as well as toppers and inserts designed primarily for compact utility trucks.

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