Continuing his remarkable comeback from bankruptcy, Don Ahern and Xtreme Manufacturing has acquired majority ownership of aerial work platform manufacturer Snorkel from U.K. parent company Tanfield Group. Tanfield will retain a 49-percent stake in the struggling aerial work platform maker that was severely in need of capital.
Terex CEO John Garrison confirmed on a conference call with investors that the company is continuing its ongoing discussions with Zoomlion to determine whether a binding and fully financed proposal will be forthcoming from the Chinese manufacturer which offered to acquire Terex for $31 per share in cash....More
Morbark has named Dan Ruskin CEO effective immediately. The announcement follows the recent sale of Morbak to Stellex Capital Management, a private equity manager that invests in both U.S. and international companies....More
Chinese construction equipment manufacturer Zoomlion is offering assurances to Terex as the two companies negotiate following Zoomlion’s $3.4 billion offer to acquire the Westport, Conn.-based manufacturer, according to a Reuters report....More
Terex today acknowledged that it has received a revised non-binding proposal from Zoomlion Heavy Industry Science and Technology to acquire all outstanding shares of Terex for $31 per share in cash, as was reported last week....More
An exciting opportunity to acquire a well-established business that has demonstrated consistent growth and profitability.
Located in an affluent community in the Northeast, it is well-positioned for additional growth as the dominant player in its market area. Revenues exceed $5MM with a net to Owner in excess of 20%.
Buyer must demonstrate the experiential and financial qualifications for the acquisition, with a 4.5 to 5.0 times multiple expected.
Please respond to: Louis.firstname.lastname@example.org to request a Non-disclosure Agreement (required)....More
F&M MAFCO, Inc., the Powerful Solutions People, a leader in the equipment rental and construction supply distribution industry is seeking an experienced Sales and Rental Account Manager to join our team....More
New for 2016: Ebac Industrial Products RM4500-H and RF3500 newly expanded eco-friendly and rotomolded lines. RM4500 and RM85-H now available. Visit www.ebacusa.com to see our extensive range of products.
Ebac Industrial Products Inc.
East Coast Office
700 Thimble Shoals Blvd., Suite 109
Newport News, VA 23606-2575