EP Award Promo

Manitowoc Co. to purchase Aspen Equipment for $51 million

/wp-content/uploads/2022/11/BR_web_311x311.jpeg

The Manitowoc Co., a leading global manufacturer of cranes and lifting equipment based in Milwaukee, announced that it has entered into a definitive agreement to acquire substantially all the assets of Aspen Equipment Co., a Bloomington, Minn.-based diversified crane dealer and work truck upfitter for approximately $51 million. The transaction is expected to close in September. The acquisition will expand Manitowoc’s direct-to-customer footprint in Iowa, Nebraska and Minnesota with new sales, used sales, parts, service and rentals to a variety of end markets. Aspen Equipment operates an Iowa location in Ankeny. “Aspen is a well-established, proven dealer with great upfitting capabilities which will fit great with Manitowoc’s National Crane boom truck product offering,” said Aaron Ravenscroft, president and CEO of the Manitowoc Co.

Facebook Notice for EU! You need to login to view and post FB Comments!

oakridge brd 050123 300x250