Manitex International, Inc.

Manitex International, Inc.

Manitex International, Inc.

Overview
Date Founded

1993

Headquarters

28213 Van Dyke Avenue,Warren, MI 48093

Type of Company

Public

Employees (Worldwide)

709

Industries

Industrial Machinery & Manufacturing
Trucks, Construction & Farm Machinery
Automobiles

Company Description

Manitex International, Inc. engages in the provision of lifting and loading products. It operates through following segments: Lifting Equipment, ASV, and Equipment Distribution. The Lifting Equipment segment designs, manufactures, and distributes boom trucks and crane products that are primarily used for industrial projects, energy exploration and infrastructure development, including, roads, bridges, and residential and commercial construction. The ASV segment manufactures a line of compact rubber tracked and skid steer loaders use in the site clearing, general construction, forestry, golf course maintenance, and landscaping. The Equipment Distribution segment relates to distribution of rough terrain and truck cranes products as well as repair services in the Chicago area and supplies repair parts to medium to heavy duty construction equipment both domestically and internationally. The company was founded in 1993 and is headquartered in Bridgeview, IL.

Executives & Employees

President, Chairman of the Board & Chief Executive Officer

President & Chief Operating Officer

President, Manufacturing Operations

Senior Vice President

Sales Manager

Investor Relations

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Board of Directors

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

President & Chief Operating Officer at Leapnet, Inc.

Member, Board of Directors at Manitex International, Inc.

Vice President at Mercer Co.

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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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Rutabaga Capital Management (RCM) provides investment advice primarily related to common stock of companies with micro and small market capitalizations. They define companies that have micro capitalizations to have a market capitalization less than $300 million. They define companies that have small capitalizations to have a market capitalization between $300 million and $1.5 billion. RCM invests primarily in common stock equity securities issued by US issuers. Portfolios are relatively fully invested at all times. Virtually all of the same securities are held across all institutional accounts within the respective strategies, micro-cap and small-cap. RCM utilizes a fundamental, bottom-up company-specific approach that emphasizes identifying companies with strong market shares (usually #1 or #2 in their markets).

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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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Recent Transactions
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ASV Holdings, Inc. issued Common Stock

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

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Finint & Partners SRL purchases CVS Ferrari SRL from Manitex International, Inc.

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Insider Transactions
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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

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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

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Advisors & Consultants
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Publicist

Managing Director at Darrow Associates, Inc.

Publicist

Managing Director at Darrow Associates, Inc.

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Clients

H&E Equipment Services, Inc. provides integrated equipment services in the United States focused on heavy construction and industrial equipment. It rents, sells and provides parts and service support for four core categories of specialized equipment: hi-lift or aerial work platform equipment; cranes; earthmoving equipment; and industrial lift trucks. The company operates its business through five segments: Equipment Rentals, New Equipment Sales, Used Equipment Sales, Parts Sales and Repair & Maintenance Services. The Equipment Rentals segment primarily rents its four core types of construction and industrial equipment. The New Equipment Sales segment sells new equipment in all of its four core product categories. The Used Equipment Sales segment sales are generated primarily from sales of used equipment from its rental fleet, as well as from sales of inventoried equipment that are acquired through trade-ins from its equipment customers and through selective purchases of high quality used equipment. The Parts Sales segment business sells new and used parts for the equipment it sells and also provides parts to its rental fleet. The Repair & Maintenance Services segment provides maintenance and repair services for its customer's equipment and to its own rental fleet at its facilities as well as at its customers locations. H&E Equipment was founded on February 3, 2006 and is headquartered in Baton Rouge, LA.

Coastline Equipment Co., a subsidiary of Bragg Investment Co., Inc., is an American company located in Long Beach, CA, that engages in construction equipment dealership services.

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Key Stats and Financials As of 2016
Market Capitalization
$186M
Total Enterprise Value
$271M
Earnings Per Share
$-1.28
Revenue
$289M
Net Profit
$-20.6M
EBITDA
$9.53M
EBITDAMargin
3.3%
Total Debt
$142M
Total Equity
$99.6M
Enterprise Value Sales
0.94x
Enterprise Value EBITDAOperating
28.46x
TEVNet Income
-13.13x
Debt TEV
0.52x
Three Year Compounded Annual Growth Rate Of Revenue
5.64%
Five Year Compounded Annual Growth Rate Of Revenue
15.24%
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Suppliers
Terex Corp. Computer Software | Westport, Connecticut

Terex Corp. engages in manufacture of machinery products. It operates through the following business segments: Aerial Work Platforms; Construction; Cranes; Material Handling and Port Solutions; and Materials Processing. The Aerial Work Platforms segment designs, manufactures, services and markets aerial work platform equipment, telehandlers, light towers, bridge inspection equipment and utility equipment. The Construction segment includes compact construction equipment, such as loader backhoes; mini and midi excavators; site dumpers; compaction rollers; and other equipment, such as material handlers, concrete mixer trucks and concrete pavers. The Cranes segment provides mobile telescopic cranes, tower cranes, lattice boom crawler cranes, lattice boom truck cranes and truck-mounted cranes. The Material Handling and Port Solutions segment offers universal cranes, process cranes, rope and chain hoists, electric motors, light crane systems and crane components. The Materials Processing segment includes materials processing equipment, such as crushers, washing systems, screens, apron feeders, chippers and related components and replacement parts. The company was founded in October 1986 and is headquartered in Westport, CT.

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Competitors
Deere & Co. Trucks, Construction & Farm Machinery - Moline, Illinois

Deere & Co. manufactures and distributes a complete line of equipment used in agriculture, construction, forestry and turf care. It also manufactures engines and other power train components. It operates its business through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment primarily manufactures and distributes a full line of agriculture, turf equipment and related service parts, including large, medium and utility tractors; loaders; combines, corn pickers, cotton, sugarcane harvesters and related front-end equipment, sugarcane loaders; tillage, seeding and application equipment, including sprayers, nutrient management and soil preparation machinery; hay and forage equipment, including self-propelled forage harvesters and attachments, balers and mowers; turf and utility equipment, including riding lawn equipment and walk-behind mowers, golf course equipment, utility vehicles, and commercial mowing equipment, along with a broad line of associated implements; integrated agricultural management systems technology; precision agricultural irrigation equipment, supplies; landscape, nursery products and other outdoor power products. The Construction and Forestry segment primarily manufactures and distributes machines and service parts used in construction, earthmoving, material handling and timber harvesting, including backhoe loaders; crawler dozers and loaders; four-wheel-drive loaders; excavators; motor graders; articulated dump trucks; landscape loaders; skid-steer loaders; and log skidders, feller bunchers, log loaders, log forwarders, log harvesters and related attachments. The Financial Services segment primarily finances sales and leases by dealers of new and used agriculture and turf equipment and construction & forestry equipment. This segment also provides wholesale financing to dealers of the foregoing equipment, finances retail revolving charge accounts, and operating loans and offers crop risk mitigation products and extended equipment warranties. The company was founded by John Deere in 1837 and is headquartered in Moline, IL.

Caterpillar, Inc. Trucks, Construction & Farm Machinery - East Peoria, IL

For more than 85 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. With 2011 sales and revenues of $60.138 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services and Progress Rail Services.

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

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