We are pleased to announce the sale of our client, Mass Lift Truck Service, Inc. to The Cavanaugh Company LLC. The acquisition closed August 15, 2022.
Located in Everett, Massachusetts, Mass Lift Truck Service (MLTS) offers sales, service, and rentals of forklifts, pallet jacks, and related equipment. Overall, with a superior industry reputation, strong customer and supplier relationships, regional name recognition, comprehensive industry expertise, immediate forklift availability, and a solid management team, MLTS is well-positioned for growth.
Since inception, MLTS has established extensive personal contacts in numerous industries. MLTS’s growth and success will continue to be driven by the Company’s outstanding reputation for providing high-quality products and services, superior capabilities, and a strong commitment to customer support.
The Cavanaugh Company (TCC), headquartered in Washington, D.C., is focused on acquiring dealers, integrators, and manufacturers of a wide array of equipment in the material handling space and on building scale in the Midwest, Northeast, and Mid-Atlantic states. TCC believes that the material handling industry has been operating in essentially the same manner for the last 3 decades. The Company believes there is much to be gained by leveraging the power of a consolidated dealer network to lower costs, reduce lead times and deliver a better overall experience for end-users.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Senior M&A Advisor, Bill Shipman, with the support of Managing Director, M&A, Corey Painter successfully closed the deal. Senior Managing Director Tom Stephens established the initial relationship with MLTS.
“The acquisition of MLTS will provide The Cavanaugh Company the opportunity to gain an immediate presence in the greater Boston market and build off of MLTS's excellent reputation for customer service and quality,” said Shipman.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Industrials M&A Deals page.
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