Gibson Machinery is a leading distributor of construction, paving, demolition, and material handling equipment to a diverse base of customers across Ohio, Pennsylvania, West Virginia, and adjacent states. The Company sells, rents, and services a full suite of new and used heavy equipment. Headquartered in Cleveland, OH, Gibson operates as an exclusive dealer for 5 leading OEMs including Doosan, Sennebogen, Genesis, Dynapac, and Indeco. MelCap Partners served as Gibson’s exclusive investment banker and financial advisor in the sale of the business. In an effort to provide the shareholders with liquidity, and to continue to support Gibson Machinery’s strategic growth plans, MelCap was able to successfully identify the ideal buyer for the business. As a result, Gibson Machinery was sold to Alta Equipment Company [NYSE:ALTG] (“Alta”), headquartered in Livonia, MI. Alta, publicly traded on the New York Stock Exchange, is an industry leading material handling and construction equipment company that sells, rents, and services a broad range of equipment. The acquisition of Gibson Machinery is instrumental in aiding Alta’s strategic initiative to expand its geographic footprint in Ohio and the surrounding states.
