BGL Announces Manitex International Completes the Closing of its Acquisition by Tadano Ltd.

Core Viewpoint - Manitex International, Inc. has been 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 prior to the announcement [1] 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 operates manufacturing facilities in the United States, Italy, and Romania, and has a global proprietary dealer distribution network [4] - Manitex's product portfolio includes environmentally focused, electrically powered products, and it also has a growing equipment rental division, Rabern Rentals, which serves the North Texas market [4][2] Acquisition Details - The acquisition was facilitated by Brown Gibbons Lang & Company (BGL), which served as the exclusive financial advisor to Manitex [1][3] - Following the acquisition, Manitex has become a wholly owned subsidiary of Tadano, and its shares are no longer publicly traded [1] Tadano Overview - Tadano, founded in 1919 and headquartered in Takamatsu, Japan, is a manufacturer and distributor of construction and vehicle-mounted cranes, aerial work platforms, and specialized material handling solutions [5]