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Tag: mergers
Dealers
How to avoid construction equipment dealer merger headaches
What do most dealer owners think of first when they’re considering a merger? Answer: valuations. But M&A deal-facilitators Clinton Baker and Marc Johnson, co-principals at K-COE Isom, say that’s not really the best place to start. Valuations of assets and property are naturally an important part of the process, they agree. “The key is to […]
April 13, 2020
Dealers
Ritchie Bros. completes IronPlanet purchase, outlines organizational structure
Ritchie Bros. announced it has completed its purchase of IronPlanet, a transaction valued at roughly $758.5 million and financed through a senior note offering and secured term loan facility. The company announced plans for the acquisition last August and it was approved by the U.S. Department of Justice’s Antitrust Division in May. The deal also initiates […]
June 12, 2017
Mergers & Acquisitions
Acquisition complete, Joy Global is now Komatsu Mining Corp.
Komatsu today announced that it has completed its acquisition of Wisconsin-based surface and underground mining equipment manufacturer Joy Global. Citing a belief that the mining industry will see a long-term rebound driven by increased demand for larger equipment in surface mining and further development of underground mining, Komatsu first announced the $3.7 billion deal in July 2016. Though […]
April 5, 2017
Business
No Deal: Zoomlion withdraws acquisition offer following Terex MHPS sale to Konecranes
Less than two weeks after Terex walked away from a merger with Finnish equipment manufacturer Konecranes to further pursue acquisition talks with Chinese OEM Zoomlion, Zoomlion has withdrawn its offer. After announcing what appeared to a be done deal last fall with Konecranes, Terex officially walked away from the merger earlier this month after receiving an […]
May 31, 2016
Business
Terex to merge with Finnish manufacturer Konecranes
Cranes and heavy equipment manufacturer Terex will merge with Finnish competitor Konecranes in an all-share deal, the companies announced in a joint release Tuesday. The new company will be called Konecranes Terex and will be based out of Finland. It is expected to bring in $10 billion in revenues and allow both companies to fight […]
August 11, 2015
Roadbuilding
Lafarge, Holcim merger granted by FTC on condition of divestitures
The massive merger of Holcim and Lafarge got the go-ahead from the Federal Trade Commission Monday, but not before the two cement giants had to agree to divest several assets in North America. The FTC announced that the merger, would harm competition in the U.S. if the two companies didn’t drop some of their investments in 12 […]
May 7, 2015
Business
Lafarge, Holcim tap Olsen as CEO, effective when the companies merge
In a move the company hopes will please jittery shareholders, the Lafarge and Holcim boards of directors announced the appointment of Eric Olsen as the future CEO of the merged companies. Olsen is currently executive vice president of operations at Lafarge. He has dual American and French citizenship and has extensive international experience, as well as experience […]
April 10, 2015
Business
IronPlanet, Cat Auction Services complete merger
With the addition of access to late model, low-hour Caterpillar equipment, IronPlanet chairman and CEO Greg Owens said his company’s merger with Cat Auction Services will “drive value and services to all of our buyers and sellers.” The merger, announced in December, was completed April 2. “I am confident that our marketplace offerings will enable our […]
April 3, 2015
Business
Holcim shareholders threaten merger plans with Lafarge…again
Shares in Lafarge fell by approximately 2 percent Monday after two Holcim shareholders voiced their discontent with the revised merger terms that were put in place on March 20 to make Holcim shareholders happy and keep the merger moving forward. According to a report from Reuters, Russian businessman Filaret Galchev, Holcim’s second-largest shareholder who owns a […]
March 31, 2015
Roadbuilding
Holcim-Lafarge merger back on track
The short-lived hold on the Holcim-Lafarge merger has ended, with the cement companies jointly stating they have “reached an agreement on revised terms for the merger of equals between both companies.” Holcim previously delayed the merger due to a disagreement of terms on the deal. The companies now expect it to close in July 2015 after […]
March 25, 2015
Dealers
Caterpillar dealers FABCO, Fabick Cat announce plans to merge
Cat dealers FABCO Equipment, out of Milwaukee, Wisconsin, and John Fabick Tractor (Fabick Cat), of Fenton, Missouri, are merging to create “one of the largest and most dynamic Caterpillar dealerships in the nation,” according to an announcement by the two companies. The companies are currently lead by cousins Doug Fabick, Fabick Cat president and COO, […]
February 18, 2015
Business
Construction company mergers, acquisitions increase as recession-weary contractors weigh the future
It’s well established that the effects of the recession are still being felt by the construction industry. The most visible evidence of that has been the skilled labor shortage. Thousands of skilled workers were laid off in the downturn, some retired, and a lot of those folks simply aren’t coming back even though things seem […]
August 1, 2013
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