Ads
News service and business centre for materials handlingHOME
/lynad/news_adclick.asp?assid=19526/lynad/news_adclick.asp?assid=19527/lynad/news_adclick.asp?assid=19543/lynad/news_adclick.asp?assid=19528/lynad/news_adclick.asp?assid=19529
Ads
17063

Manitex sells Load King business


Tuesday, 19 Jan 2016 ( #753 ) - Bridgeview, IL, United States
News Story
Load King manufactures specialised custom trailers
Manitex International has sold its Load King subsidiary to Utility One Source.

Zacks Equity Research notes that the USD6.2 million sale price will help the company lower its debt, while it focuses on its higher-margin core lifting businesses, which remain its main priorities going into 2016.

Utility One Source, founded by private equity funds managed by Blackstone, is a single-source supplier for the utility and heavy equipment industries with a focus on sales, rental, parts and installation, equipment customisation, remanufacturing, installation and aftermarket services.

Load King came under the Manitex umbrella six years ago when it was acquired from Genie Industries, a subsidiary of Terex Corporation for USD3.1 million.

South Dakota-based Load King Trailers manufactures specialised custom trailers and hauling systems for heavy equipment transport.

Bridgeview, Illinois-based Manitex is a leading provider of engineered lifting solutions, including boom truck and rough-terrain cranes, rough-terrain forklifts, container handling equipment and specialised trailers.
Discuss Forkliftaction.com News stories in the Discussion Forums!
 
x
©Forkliftaction.com
Forkliftaction Media Pty Ltd
PO Box 1439
Milton QLD 4064
Australia
Contact Forkliftaction.com
About Forkliftaction
The Forkliftaction Team
Privacy Policy
Site Map
Help
Business Directory
Discussion Forums
Industry News
Events Calendar
Jobs & Resumes
Photo Galleries
Blog articles
Our Bloggers

Industry Brands
Company Index
Regions & Countries
Machinery-onQ.com

Advertise on Forkliftaction
Editorial Features / Calendar
Featured Businesses
Past News Editions
Industry Associations
Storing your login information automatically.

When you select the 'Remember me' option, your login information will be stored on your computer in the form of a cookie. When you visit Forkliftaction.com again, the stored login information will be retrieved automatically and you will not have to submit your login parameters (email address and password) each time you want to visit our members-only pages.

A cookie is a small piece of data that is sent to your browser from a web server and stored on your computer's hard drive. A cookie can't read data off your hard disk or read cookie files created by other sites. Cookies do not damage your system.

x