DALLAS–(BUSINESS WIRE)–Generational Equity, a leading M&A advisor to private companies, is pleased to announce the sale of its client, Mass Lift Truck Service, Inc. to The Cavanaugh Company LLC. The acquisition closed on August 15, 2022.
Located in Everett, Massachusetts, Mass Lift Truck Service (MLTS) offers the sale, service and rental of forklifts, pallet trucks 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 strong management team , MLTS is well positioned for growth.
Since its inception, MLTS has made many personal contacts in many industries. MLTS’ growth and success will continue to be driven by the company’s outstanding reputation for delivering 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 range of material handling equipment and scale construction in the Midwest, Northeast and Mid-Atlantic states. TCC believes that the material handling industry has operated essentially the same way for the past 3 decades. The company believes there is a lot to be gained by leveraging the power of a consolidated dealer network to reduce costs, reduce lead times and provide a better overall experience for end users.
David Fergusson, Executive Managing Director of Generational Equity, Head of the M&A-Technology practice, and his team led by Senior M&A Advisor, Bill Shipman, with the support of Managing Director, M&A, Corey Painter have successfully closed the deal. Senior Managing Director Tom Stephens established the initial relationship with MLTS.
“The acquisition of MLTS will provide The Cavanaugh Company with the opportunity to gain an immediate presence in the greater Boston market and build on MLTS’ excellent reputation for customer service and quality,” said Shipman.
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group and DealForce are part of Generational Group, headquartered in Dallas and one of the leading M&A advisory firms in North America.
With more than 300 professionals in 16 offices across North America, the companies help business owners unlock the wealth of their business by providing growth advisory, merger, acquisition and wealth management services. Their six-step approach includes strategic and tactical growth advice, exit planning training, business valuation, value enhancement strategies, M&A transactional services and wealth management. .
M&A adviser named Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and 2022 North American Investment Bank of the Year. For more information, visit https://www.genequityco.com/ or the Generational Equity newsroom.