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

Leading provider of mobile truck cranes, aerial work platforms, specialized lifting solutions, and construction equipment rentals

CLEVELAND, Jan. 7, 2025 /PRNewswire/ -- Brown Gibbons Lang & Company (BGL) is pleased to announce that Manitex International, Inc. (NASDAQ: MNTX) (Manitex) has completed the acquisition by Tadano Ltd. (TYO: 6395) (Tadano). BGL's Engineered Equipment investment banking team served as the exclusive financial advisor to Manitex in the transaction. Under the terms of the transaction, Tadano acquired Manitex in an all-cash transaction valued at $223 million at the time of announcement or $5.80 per share, a 52% premium over the closing price for the last trading day prior to announcement. Following the acquisition, Manitex is a wholly owned subsidiary of Tadano, and Manitex's shares are no longer publicly traded.

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