Manitex International, Inc.

Manitex International, Inc.

Manitex International, Inc.

Overview
Date Founded

1993

Headquarters

9725 INDUSTRIAL DRIVE BRIDGEVIEW IL 60455

Type of Company

Public

Employees (Worldwide)

561

Industries

Industrial Machinery & Manufacturing
Trucks, Construction & Farm Machinery
Automobiles

Company Description

Manitex International, Inc. engages in the provision of lifting and loading solutions. It also designs, manufactures, and distributes group of products that serve different functions and are used in a variety of industries. The company was founded in 1993 and is headquartered in Bridgeview, IL.

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Executives & Employees

Chairman & Chief Executive Officer

President & Chief Operating Officer

Chief Financial Officer & Senior Vice President

Vice President, Chief Financial Officer, Treasurer & Secretary

President, Manufacturing Operations

Vice President of Financial Reporting

Information Technology Manager

Sales Manager

Board of Directors

Chairman & Chief Executive Officer at Manitex International, Inc.

Former Chief Executive Officer & Chief Investment Officer at Allianz of America, Inc.

President at AIU Online LLC

Member, Board of Directors at Manitex International, Inc.

Former Chief Operating Officer & Vice President at Mercer Co.

President & Chief Executive Officer at Tadano America Corp.

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Owners & Shareholders
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WealthTrust Axiom employs a value-oriented, contrarian and opportunistic investment approach that seeks to identify value and minimize risk by using rigorous and diligent research, often among out-of-favor companies or industry sectors. The firm focuses on fundamentals and absolute value and seeks to be successful over the long-term in both rising and stagnant or declining markets. They determine and implement investment and reinvestment decisions on behalf of their clients through the use of equity, fixed-income and balanced (between equity securities such as stocks and fixed income securities such as municipal or government bonds) portfolios.

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Pacific Ridge Capital Partners employs a disciplined, focused, long-term value-oriented investment approach. The firm focuses on investments in small-cap companies. They employ bottom-up fundamental research and economic analysis to identify demographic trends and select good companies that are trading at inexpensive prices.

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AWM Investment Co. manages a variety of special situations hedge funds. The firm uses a number of investment strategies and techniques involving equity or debt securities,including purchasing securities with borrowed money, selling securities short and purchasing and writing listed put and call options. They may also enter into transactions designed to minimize the effect of currency fluctuations with respect to securities of foreign companies or securities that are not denominated in US dollars.

Recent Transactions
Details Hidden

Manitex International, Inc. raised money in a private placement transaction

Details Hidden

ASV Holdings, Inc. issued Common Stock

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Lanco International, Inc., Liftking Acquisition ULC purchase Manitex Liftking ULC from Manitex International, Inc.

Insider Transactions
Details Hidden
Transaction Advisors
Legal Advisor

Advised onASV Holdings, Inc. issued Common Stock

Legal Advisor

Advised onManitex International, Inc. issued Common Stock

Underwriter

Advised onManitex International, Inc. issued Common Stock

Legal Advisor

Advised onManitex International, Inc. issued Common Stock

Lender

Advised onManitex International, Inc. purchases PM Group SpA

Lender

Advised onManitex International, Inc. purchases PM Group SpA

Advisors & Consultants
Advisor

Former Senior Vice President, Chief Financial Officer, Treasurer & Secretary at Manitex International, Inc.

Publicist

Managing Director at Darrow Associates, Inc.

Publicist

Managing Director at Darrow Associates, Inc.

Clients

H&E Equipment Services, Inc. engages in the provision of equipment services which focused on heavy construction and industrial equipment. It operates through the following segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales, and Repair and Maintenance Services. The Equipment Rentals segment rents construction and industrial equipment. The New Equipment Sales segment sells new equipment in product categories. The Used Equipment Sales segment offers rental fleet and inventoried equipment that are acquired through trade-ins its equipment customers and through purchases of high quality used equipment. The Parts Sales segment consists of new and used parts for the equipment and rental fleet. The Repair and Maintenance Services segment includes maintenance and repair services for customer's equipment and rental fleet. The company was founded in 1961 and is headquartered in Baton Rouge, LA.

ASV Holdings, Inc. engages in the design and manufacture of compact track loaders and skid steer loaders. The firm provides pre and post-sale dealer support, after-sale technical support and replacement parts supply. It distributes and offers products under the ASV and Terex brands. The firm's products are principally used in the construction, agricultural and forestry industries. The company was founded by Edgar Hetteen and Gary Lemke on July 29, 1983 and is headquartered in Grand Rapids, MN.

Rush Enterprises, Inc. engages in the provision of commercial vehicle industry solutions through its network of commercial vehicle dealerships. It provides an integrated, one-stop approach to the service and sales of new and used heavy- and medium-duty trucks, aftermarket parts, service, collision center capabilities, chrome accessories, tires, engineered vehicle modification solutions, and a range of financial services including financing, insurance and leasing, and rental options. Its also sells commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, Mitsubishi Fuso, IC Bus, and Blue Bird. The company was founded by W. Marvin Rush in 1965 and is headquartered in New Braunfels, TX.

Key Stats and Financials As of 2017
Market Capitalization
$165M
Total Enterprise Value
$249M
Earnings Per Share
$-0.41
Revenue
$213M
Net Profit
$-6.79M
EBITDA
$4.84M
EBITDAMargin
2.27%
Total Debt
$95.9M
Total Equity
$70.8M
Enterprise Value Sales
1.17x
Enterprise Value EBITDAOperating
51.5x
TEVNet Income
-36.73x
Debt TEV
0.38x
Three Year Compounded Annual Growth Rate Of Revenue
-6.9%
Five Year Compounded Annual Growth Rate Of Revenue
0.76%
Suppliers
Terex Corp. Computer Software | Westport, Connecticut

Terex Corp. engages in manufacture of machinery products. It operates through the following segments: Aerial Work Platforms; Cranes; and Materials Processing. The Aerial Work Platforms segment designs, manufactures, services and markets aerial work platform equipment, telehandlers and light towers. This segment products include portable material lifts, portable aerial work platforms, trailer-mounted articulating booms, self-propelled articulating and telescopic booms, scissor lifts, telehandlers and trailer-mounted light towers as well as their related components and replacement parts. The Cranes segment designs, manufactures, services, refurbishes and markets mobile telescopic cranes, lattice boom crawler cranes, tower cranes and utility equipment, as well as their related components and replacement parts. The Materials Processing segment designs, manufactures and markets materials processing and specialty equipment, including crushers, washing systems, screens, apron feeders, material handlers, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, and their related components and replacement parts. The company was founded in 1933 and is headquartered in Westport, CT.

Competitors
Cargotec Oyj Marine Shipping - Helsinki, UU

Cargotec improves the efficiency of global cargo flows. We have a global presence and local services in more than 750 sales and service locations in more than 120 countries. Our brands MacGregor, Kalmar and Hiab mark the equipment, solutions and products we provide to our customers. There are approximately 10,500 of us around the globe, ensuring that our customers always receive the best possible solutions and service. Learn more about us! Global presence with local services Cargo traffic is one of the vital services that help keep our global society up and running. Millions of items, from raw materials to consumer products, are transported locally and between countries. Cargotec’s global presence allows it to serve customers both in mature markets and in growing economic areas. Our mission is to improve the efficiency of cargo flows. We do this by helping our customers’ operations run more efficiently: we deliver reliable equipment and services, maximise fleet and ship productivity, and we can help in improving the overall performance of our customers’ operations with complete systems, concepts and design

Terex Corp. Trucks, Construction & Farm Machinery - Westport, Connecticut

Terex Corp. engages in manufacture of machinery products. It operates through the following segments: Aerial Work Platforms; Cranes; and Materials Processing. The Aerial Work Platforms segment designs, manufactures, services and markets aerial work platform equipment, telehandlers and light towers. This segment products include portable material lifts, portable aerial work platforms, trailer-mounted articulating booms, self-propelled articulating and telescopic booms, scissor lifts, telehandlers and trailer-mounted light towers as well as their related components and replacement parts. The Cranes segment designs, manufactures, services, refurbishes and markets mobile telescopic cranes, lattice boom crawler cranes, tower cranes and utility equipment, as well as their related components and replacement parts. The Materials Processing segment designs, manufactures and markets materials processing and specialty equipment, including crushers, washing systems, screens, apron feeders, material handlers, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, and their related components and replacement parts. The company was founded in 1933 and is headquartered in Westport, CT.

The Manitowoc Co., Inc. Trucks, Construction & Farm Machinery - Milwaukee, WI

The Manitowoc Company, Inc. is a multi-industry, capital goods manufacturer with nearly 100 manufacturing, distribution, service, and/or office facilities in 26 countries. With leading market positions and the industry's most recognized brands, Manitowoc's Crane business is recognized as one of the world's largest providers of lifting equipment for the global construction industry, including lattice-boom cranes, tower cranes, mobile telescopic cranes, and boom trucks. Truly a globalized business, the Crane segment generates over 60% of revenue from non-U.S. markets. By leveraging the Crane segment's strategic focus on innovation and its strong global footprint, which includes 31 facilities in 16 countries, Manitowoc can customize and build its crane products for a wide range of end markets. Additionally, the segment's unmatched aftermarket business is a key differentiator that sets Manitowoc apart in the marketplace. Manitowoc also is one of the world's leading innovators and manufacturers of commercial foodservice equipment serving the ice, beverage, refrigeration, food prep, and cooking needs of restaurants, convenience stores, hotels, healthcare, and institutional applications. With a worldwide network of 120 distributors promoting 35 leading brands and a global presence that spans five continents and more than 80 countries, Manitowoc Foodservice is a trusted partner of the largest global restaurant chains, convenience stores, lodging, hospitality, and other customers. Its broad range of innovative products allows customers to create new menu items, expand their global footprint, and launch sustainability initiatives, while at the same time enhancing their overall profitability

Awards & Honors
Rank #44
2012
Forbes Magazine - 50 Best Small Companies 2012
Sponsored by Forbes Media LLC