Brightstar Capital Partners /
Material Handling Group USA
Brightstar Capital Partners buys a majority of forklift dealer and service group Material Handling Group USA
- Terms
- Undisclosed
- Stage
- Closed
What happened
Brightstar Capital Partners has bought a majority interest in Material Handling Group USA, a Canton, Michigan provider of new, used and rental material handling equipment plus aftermarket parts and service. MHG serves customers in Michigan, New York and the Mid-Atlantic through its Fraza, Vitan Equipment, Matthai Material Handling and Buffalo Lift Trucks brands. Financial terms were not disclosed.
CEO Roger Runyan stays in charge and keeps a meaningful stake with his management team. Jonathan Dawley, former President and CEO of KION North America, becomes Executive Chair. The deal came through Brightstar's lower middle market strategy.
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Brightstar Capital Partners buys a majority of forklift dealer and service group Material Handling Group USA
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