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Strategies & Market Trends : Speculating in Takeover Targets
CTG 10.47-0.1%Dec 1 4:00 PM EST

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To: Glenn Petersen who wrote (4542)9/23/2017 8:46:25 AM
From: richardred  Read Replies (1) of 6849
Glen just a curious question in your neck of the woods. MNTX a company I follow just added a new dealer. Just wonder if you knew anything on the company? I'm assuming they named it after Walter Payton the great running back, or a family member or relative works for the company?

Manitex International Welcomes Walter Payton Power Equipment to Knuckleboom Dealer Network
BY GlobeNewswire
— 9:01 AM ET 09/18/2017

BRIDGEVIEW, Ill., Sept. 18, 2017 (GLOBE NEWSWIRE) -- Manitex International, Inc. (MNTX) , a leading international provider of cranes and specialized industrial equipment, today announced the addition of Walter Payton Power Equipment to its distributor network. Headquartered in Riverdale, IL with five locations across four states, Walter Payton Power Equipment locations will provide sales and service for PM articulating cranes “knucklebooms” in the Midwest of North America. Initial orders of PM cranes have been placed, with deliveries expected to commence in the third quarter of 2017.

Walter Payton Power Equipment is one of the largest crane and heavy equipment distributors in the Midwest with full-service facilities in Riverdale, IL, Lebanon, IN, Evansville, IN, New Albany, IN and Taylor, MI, offering new and pre-owned equipment from leading manufacturers including Manitowoc, Grove, Manitou and Talbert. Walter Payton Power Equipment’s factory trained parts and service team provides industry-leading customer service and support from purchase through delivery, and customer care and maintenance, with the Walter Payton team there to help every step of the way.

Samuel Rooke, PM US Business Manager, said, “We are pleased to add such a high-profile dealer as Walter Payton Power Equipment with its proven track record in the industry to the Manitex-PM distribution family. They are a leader in crane sales, service and technical support, and we look forward to building a mutually rewarding long-term relationship with the WPPE team.”

"The PM articulating knuckleboom offers a unique opportunity for us at Walter Payton Power Equipment to expand our crane distribution model to new industries and applications. The commitment PM has made to a very substantial facility here in North America, with spares and inventory support in Georgetown, Texas will enable us to maintain our commitment to the highest level of service for our customers,” said Brian Lynch, General Manager of Walter Payton Power Equipment.

For more information on Walter Payton Power Equipment, visit or call (800) 922-5508 to learn more about Manitex-PM, visit or call (512) 942-3000.

About Manitex International (MNTX), Inc.

Manitex International, Inc. (MNTX) is a leading worldwide provider of highly engineered specialized equipment including boom trucks, cranes, and other related industrial equipment. Our products, which are manufactured in facilities located in the USA and Europe, are targeted to selected niche markets where their unique designs and engineering excellence fill the needs of our customers and provide a competitive advantage. We have consistently added to our portfolio of branded products and equipment both through internal development and focused acquisitions to diversify and expand our sales and profit base while remaining committed to our niche market strategy. Our brands include Manitex (MNTX), PM, Badger, Sabre, and Valla. The company also has a minority ownership in ASV Holdings, Inc. (ASV) , which manufactures and sells a line of high quality compact track and skid steer loaders.

Source: Manitex International, Inc. (MNTX)
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