Vantage Equipment sold off
Thursday, 7 January 2021
Syracuse, NY, United States
Vantage has sold both its materials handling and construction equipment divisions
Tri-Lift has finalised the purchase of Vantage Equipment's materials handling group.
Vantage Equipment has been the CAT Lift Trucks and Jungheinrich forklift dealer covering 18 counties in central New York.
This acquisition expands Tri-Lift's CAT and Jungheinrich service territory from the current footprint consisting of Connecticut, Western Massachusetts, Vermont, Eastern New York from Long Island and New York City in the south all the way to the Canadian border in the north. The company provides service in these areas with three full-service facilities and a fourth facility in Liverpool, NY which will be completed soon. By combining the respective strengths of the two groups, Tri-Lift will offer customers unparalleled support and expertise, according to a statement.
"I am excited about the opportunity to welcome the dedicated employees of Vantage Material Handling equipment into the Tri-Lift, Inc family," says Anthony Murgo vice president of Tri-Lift. "Together, we will build upon the traditions of both companies and provide a level of customer service unmatched by anyone else."
Tri-Lift has also been appointed as the Mitsubishi Forklift authorised dealer for the same 18 counties in central New York. This addition to the forklift line-up will provide customers in this region with high-quality products, ergonomic design and low cost of ownership. The company says it is looking forward to working with new and existing Mitsubishi customers to help fulfill their materials handling needs.
Tri-Lift is headquartered in New Haven, Connecticut, and has been servicing the materials handling industry in the northeast for more than 53 years.
Meanwhile, Vantage has also sold off its construction equipment operation. Alta Equipment Group has entered into a definitive agreement with Vantage to acquire its construction dealerships in an asset sale.
Since its founding in 2004, Vantage has offered a wide selection of high-quality products serving the heavy-end municipal construction market. Vantage represents several heavy-duty machinery manufacturers including Volvo Construction Equipment and Gradall. As part of the acquisition, Alta takes over the distribution of Volvo CE products in most of the geographic area of New York State, excluding Westchester County, the counties and boroughs of New York City and Long Island.