Lifting, rigging and material handling company The Crosby Group LLC, Dallas, has entered into an agreement to acquire Gunnebo Industrier Holding AB from Segulah, a Nordic private equity firm. Terms of the transaction were not disclosed.
“Given our shared commitment to safe rigging and lifting and our equally committed and talented teams, this acquisition is a natural fit,” said Bob Davies, CEO of Crosby. “Together we complement each other perfectly. Crosby and Gunnebo Industries will be able to deliver enhanced value for customers and channel partners by providing a broader product portfolio, enhanced support and training, expanded geographic presence and greater ability to offer innovative solutions.”
Alantra served as financial advisor to Crosby and Kirkland & Ellis and Vinge served as legal advisors.
Related Posts
-
Sales were down nearly 5% in constant currencies.
-
The business will be integrated into Jasons Industrial segment within Osborn.
-
Cook joined Motion Industries as senior vice president and CFO in November 2016.
