The Company is a leading provider of engineered specialty lifting and loading
products. The Company operates in three business segments: the Lifting Equipment
segment, the ASV segment and the Equipment Distribution segment.
Through its Lifting Equipment segment, the Company designs, manufactures and
distributes a diverse group of products that serve multiple functions and are
used in a variety of industries. Through its Manitex, Inc. subsidiary it markets
a comprehensive line of boom trucks, truck cranes and sign cranes. Manitex’s
boom trucks and crane products are primarily used for industrial projects, energy
exploration and infrastructure development, including, roads, bridges and residential
and commercial construction.
PM Group S.p.A. (“PM”) is a leading Italian manufacturer of truck
mounted hydraulic knuckle boom cranes with a 50-year history of technology and
innovation, and a product range spanning more than 50 models. Its largest subsidiary,
Oil & Steel (“O&S”), is a manufacturer of truck-mounted
aerial platforms with a diverse product line and an international client base.
Manitex Liftking ULC (“Manitex Liftking” or “Liftking”)
sells a complete line of rough terrain forklifts, a line of stand-up electric
forklifts, cushioned tired forklifts with lifting capacities from 18 thousand
to 40 thousand pounds, and special mission oriented vehicles, as well as other
specialized carriers, heavy material handling transporters and steel mill equipment.
Manitex Liftking’s rough terrain forklifts are used in both commercial
and military applications.
Manitex Sabre, Inc. (“Sabre”) manufactures a comprehensive line
of specialized mobile tanks for liquid and solid storage and containment solutions
with capacities from 8,000 to 21,000 gallons. Its mobile tanks will be sold
to specialized independent tank rental companies and through the Company’s
existing dealer network. The tanks are used in a variety of end markets such
as petrochemical, waste management and oil and gas drilling CVS Ferrari, srl
(“CVS”) designs and manufactures a range of reach stackers and associated
lifting equipment for the global container handling market that are sold through
a broad dealer network. CVS’s Valla SpA (“Valla”) division
offers a full range of electric precision pick and carry cranes.
Badger Equipment Company (“Badger”) is a manufacturer of specialized
rough terrain cranes and material handling products. Badger primarily serves
the needs of the construction, municipality, and railroad industries.
ASV Segment
A.S.V., LLC (“ASV”) manufactures a line of high quality compact
rubber tracked and skid steer loaders. The ASV products are distributed through
Terex Corporation (“Terex”) distribution channels as well as through
the Company and other independent dealers. This independent dealer network now
has over 100 locations. The products are used in the site clearing, general
construction, forestry, golf course maintenance and landscaping industries,
with general construction being the largest market.
Equipment Distribution Segment
The Equipment Distribution segment comprises the operations of Crane & Machinery
(“C&M”), a division of Manitex International, North American
Equipment, Inc. (“NAE”) and North American Distribution, Inc. (“NAD”).
The segment markets products used primarily for infrastructure development and
commercial construction applications that include road and bridge construction,
general contracting, roofing, scrap handling and sign construction and maintenance.
C&M is a distributor of Terex rough terrain and truck cranes products and
supplies repair parts for a wide variety of medium to heavy duty construction
equipment and sells domestically and internationally, predominately to end users,
including the rental market. It also provides crane equipment repair services
in the Chicago area. The segment markets previously-owned construction and heavy
equipment and trailers both domestically and internationally through North American
Equipment, Inc., a subsidiary of the Company. The segment purchases previously
owned equipment of various ages and conditions and often refurbish the equipment
before resale. The segment also sells Valla products through NAD.
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