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On the Record · Manitowoc

Manitowoc acquisitions, on the record

The businesses Manitowoc bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Aspen Equipment Company
Word for word“On September 1, 2021, the Company completed the acquisition of substantially all of the assets of Aspen Equipment Company (“Aspen”), a diversified crane dealer and a leading final stage purpose built work truck upfitter, for a purchase price of approximately $ 50.2 million.” 10-K for 2023
acquisitionSeptember 1, 2021approximately $ 50.2 million
crane business of H&E Equipment Services, Inc. (now MGX Equipment Services, LLC)
Word for word“In 2021, we acquired the assets of two companies, Aspen Equipment Company (“Aspen”) and the crane business of H&E Equipment Services, Inc. (now MGX Equipment Services, LLC, or “MGX”), which expanded our ability to provide new machine sales, used machine sales, aftermarket parts, remanufacturing and service support to a variety of end market customers.” 10-K for 2023
acquisitionIn 2021—
Chinese joint venture
Word for word“In 2022, the Company recorded income of $ 4.8 million in engineering, selling and administrative expenses in the Consolidated Statements of Operations to recognize the partial recovery of the previously written off long-term note receivable from the 2014 divestiture of the Company's Chinese joint venture.” 10-K for 2023
divestiture2014—
MGX Equipment Services, LLC (crane business of H&E Equipment Services, Inc.)
Word for word“In 2021, we acquired the assets of two companies, Aspen Equipment Company (“Aspen”) and the crane business of H&E Equipment Services, Inc. (now MGX Equipment Services, LLC, or “MGX”), which expanded our ability to provide new machine sales, used machine sales, aftermarket parts, remanufacturing, and service support to a variety of end market customers.” 10-K for 2024
acquisition2021—
Honnen Equipment Company crane rental fleet assets
Word for word“In 2022, we completed the acquisition of certain assets of the crane rental fleet of Honnen Equipment Company (“Honnen”), which expanded our rental portfolio and direct-to-customer footprint in Colorado, Wyoming and Nebraska.” 10-K for 2024
acquisition2022—
Ring Power Corporation (certain assets and distribution rights in Georgia, North Carolina, and South Carolina)
Word for word“Effective February 4, 2025, the Company acquired certain assets and distribution rights in Georgia, North Carolina, and South Carolina from Ring Power Corporation for total cash consideration of $ 12.9 million.” 10-K for 2025
acquisitionEffective February 4, 2025$ 12.9 million
Honnen Equipment Company (certain assets of the crane rental fleet)
Word for word“In 2022, we completed the acquisition of certain assets of the crane rental fleet of Honnen Equipment Company (“Honnen”), which expanded our rental portfolio and direct-to-customer footprint in Colorado, Wyoming and Nebraska.” 10-K for 2025
acquisitionIn 2022—
Aspen Equipment Company and the crane business of H&E Equipment Services, Inc.
Word for word“In 2021, we acquired the assets of two companies, Aspen Equipment Company (“Aspen”) and the crane business of H&E Equipment Services, Inc. (now MGX Equipment Services, LLC, or “MGX Equipment Services”), which expanded our ability to provide new machine sales, used machine sales, aftermarket parts, remanufacturing, and service support to a variety of end market customers.” 10-K for 2025
acquisitionIn 2021—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedGoodwill from acquisitions
2021-12-31$15.1 million

Deal filings since 2016

Read from Manitowoc’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-18. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.