BGL Announces Manitex International Reaches Definitive Agreement to be Acquired by Tadano Ltd.

Core Viewpoint - Manitex International, Inc. has signed a definitive agreement to be acquired by Tadano Ltd. in an all-cash transaction valued at $223 million, representing a 52% premium over the last trading day's closing price of $5.80 per share [1][5]. Company Overview - Manitex is a leading international manufacturer of mobile truck cranes, aerial work platforms, specialized lifting solutions, and construction equipment rentals, serving various markets including infrastructure, maintenance, utility, manufacturing, and construction [4]. - The company is headquartered in Bridgeview, Illinois, and distributes its products through proprietary dealers worldwide, with recognized brands including Manitex, PM, Oil & Steel, Valla, and Rabern Rentals [4][2]. Acquisition Details - The acquisition is expected to close early in the first quarter of 2025, pending shareholder and regulatory approvals [5]. - Brown Gibbons Lang & Company served as the exclusive financial advisor to Manitex during this transaction [1][3]. Tadano Overview - Tadano Ltd., founded in 1919 and headquartered in Takamatsu, Japan, is an original equipment manufacturer and distributor of construction and vehicle-mounted cranes, aerial work platforms, and specialized material handling solutions [5].