Company Description
Gibson Machinery is a leading distributor of construction, paving, demolition, and material handling equipment to a diverse base of customers across Ohio, Pennsylvania, West Virginia, and adjacent states. The Company sells, rents, and services a full suite of new and used heavy equipment. Headquartered in Cleveland, OH, Gibson operates as an exclusive dealer for 5 leading OEMs including Doosan, Sennebogen, Genesis, Dynapac, and Indeco.
Services Provided
MelCap Partners served as Gibson’s exclusive investment banker and financial advisor in the sale of the business. We’d like to thank the Shareholders of Gibson, Mr. Lee Gibson and Mrs. Larysa Gibson, for hiring MelCap Partners to represent them in this once in a lifetime transaction. It was an honor and pleasure to work with them, and the management team of Lauren Gibson and Meredith Gibson-Cavell throughout this exciting process.
The Result
In an effort to provide the shareholders with liquidity, and to continue to support Gibson Machinery’s strategic growth plans, MelCap was able to successfully identify the ideal buyer for the business. As a result, Gibson Machinery was sold to Alta Equipment Company [NYSE:ALTG] (“Alta”), headquartered in Livonia, MI. Alta, publicly traded on the New York Stock Exchange, is an industry leading material handling and construction equipment company that sells, rents, and services a broad range of equipment. The acquisition of Gibson Machinery is instrumental in aiding Alta’s strategic initiative to expand its geographic footprint in Ohio and the surrounding states.
“The MelCap team did a fantastic job in selling our Company. They were there every step of the way, from the initial distribution of the CIM to corporations and equity groups, to narrowing the field down to the top four or five candidates, and to the final choice. They then assisted us with the entire due diligence process, and the signing and closing of the Asset Purchase Agreement. I would recommend them to anyone looking to sell their company!”
