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Manitowoc - M&A Summary and Business Overview

MachineryCompany

Manitowoc M&A Summary

Manitowoc has acquired 4 companies, including 2 in the last 5 years. It has also divested 4 assets.

Manitowoc’s largest acquisition to date was in 2008, when it acquired Enodis for $2.7B. It’s largest disclosed sale occurred in 2009, when it sold Scotsman Industries to Warburg Pincus for $160M. Manitowoc has acquired in 3 different US states, and 2 countries. The Company’s most targeted sectors include automotive (25%) and business services (25%).

Manitowoc Business Overview

Where is Manitowoc headquartered?

Manitowoc is headquartered in Milwaukee, Wisconsin.

What is Manitowoc’s revenue?

Manitowoc disclosed revenue of 2,178M USD for 2024 and 2,228M USD for 2023.

How many employees does Manitowoc have?

Manitowoc has 4,800 employees.

What sector is Manitowoc in?

Manitowoc is a machinery company.

When was Manitowoc founded?

Manitowoc was founded in 1902.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity4
    • M&A Sell Activity4
  • Total Sectors Invested 4
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 5
  • M&A Advisors 1

Manitowoc

The Manitowoc Co., Inc.

One Park Plaza 11270 West Park Place Suite 1000,
Milwaukee, Wisconsin 53224
United States,
(414) 760-4600
www.manitowoccranes.com/en

Manitowoc is a manufacturer of crawler cranes, tower cranes, and mobile cranes for the heavy construction industry, which are complemented by product support services. Manitowoc also manufactures commercial food service equipment. Manitowoc was founded in 1902 and is based in Milwaukee, Wisconsin.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.4/yr) # 2 2 - - - - 4
vol $2.7B $181M $2.9B
Sell (0.0/yr) # 4 - - - - - 4
vol $409M $409M
  8

Most Recent M&A

Company Date Value Type
Aspen Equipment Co. 2021-08-16 51M USD Add-on Acquisition
Bloomington, Minnesota · www.aspenequipment.com
H&E Equipment Services - Crane Business 2021-07-20 130M USD Divestiture
Baton Rouge, Louisiana
KPS Global LLC 2015-12-07 85M USD Divestiture
Forth Worth, Texas · www.kpsglobal.com
Jackson WWS, Inc. 2013-01-28 26M USD Divestiture
Gray, Kentucky · www.jacksonwws.com
Kysor/Warren 2010-12-15 138M USD Divestiture
Columbus, Georgia · www.kysorwarren.com
Scotsman Industries, Inc. 2009-05-15 160M USD Divestiture
Vernon Hills, Illinois · www.scotsmanindustries.com
Enodis plc 2008-06-30 2.7B USD Add-on Acquisition
London, United Kingdom
McCann's Engineering & Manufacturing Co., LLC 2006-05-01 36M USD Add-on Acquisition
Los Angeles, California
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Manufacturing 1 (25%) 2.7B (93%) 3 (75%) 324M (79%)
Automotive 1 (25%) 51M (2%) - -
Business Services 1 (25%) 130M (4%) - -
Machinery 1 (25%) 36M (1%) - -
Building Materials - - 1 (25%) 85M (21%)
Total 4 $2.9B 4 $409M

By Geo

State/Country Buy Value Sell Value
United States 3 217M 4 409M
  California 1 36M - -
  Minnesota 1 51M - -
  Louisiana 1 130M - -
  Illinois - - 1 160M
  Georgia - - 1 138M
  Texas - - 1 85M
  Kentucky - - 1 26M
United Kingdom 1 2.7B - -
Domestic 3 (75%) 217M (7%) 4 (100%) 409M (100%)
Cross-border 1 (25%) 2.7B (93%) - -
Total 4 $2.9B 4 $409M

Top M&A Advisors

Financial Deals
SunTrust Robinson Humphrey
 1

Deal Values

buy # Total
> $1B 1 $2.7B
$100M to $1B 1 $130M
< $100M 2 $87M
TOTAL $2.9B
Largest Enodis plc
$2.7B (2008-06-30)
sell # Total
$100M to $1B 2 $298M
< $100M 2 $111M
TOTAL $409M
Largest Scotsman Industries, Inc.
$160M (2009-05-15)

M&A Connections

Deals
Acquired from
Strategic(s)
25%
1 (25%)
Divested to
Investor(s)
50%
2 (50%)
Strategic(s)
50%
2 (50%)

Company Summary

SECTOR

Machinery

Revenue

2,178   3% 2024
2,228   10% 2023
2,033   19% 2022
1,720   20% 2021
1,443   22% 2020
1,834   1% 2019
1,847   17% 2018
1,581   2% 2017
1,613   54% 2016
3,436   12% 2015
3,887   4% 2014
4,048   4% 2013
3,913   2012
(millions of USD) Show More Show Less

Employees

4,800

Established

1902

Public

NYSE: MTW

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