Milwaukee High Lift Sold to Sunbelt Rentals

Milwaukee High Lift and Madison High Lift have sold all their assets to Sunbelt Rentals. The company specializes in renting aerial equipment such as scissor lifts and articulated and telescopic booms. FocalPoint Securities served as exclusive financial advisor to the company.

PRESS RELEASE

Milwaukee High Lift, Inc. and Madison High Lift, Inc. (collectively, the “Company”) has sold substantially all its assets to Sunbelt Rentals. FocalPoint Securities, LLC (“FocalPoint”) served as exclusive financial advisor to the Company.

Milwaukee High Lift, Inc. and Madison High Lift, Inc. are two of the leading independent equipment rental companies serving the metropolitan markets of Milwaukee and Madison, Wisconsin, respectively. Both companies are majority owned by the founder and industry veteran Mark Lancourt. The Company specializes in renting aerial equipment such as scissor lifts and articulated and telescopic booms.

Mark Lancourt, President, stated, “Sunbelt is the ideal partner for Milwaukee High Lift because we share the same culture, a culture dedicated to providing our customers with high quality equipment and excellent customer service. With Sunbelt’s resources, we will be able to meet our growing demand and execute our regional growth strategy.” He further stated, “FocalPoint’s industry expertise was critical in communicating our strengths and market strategy and in ultimately closing the transaction.”

Dan Conway, Managing Director at FocalPoint, commented, “We are pleased to have advised Milwaukee High Lift on this successful sale. The Company has a unique and very compelling culture and business model and has performed very well under the guidance of an excellent management team. We were able to communicate these attributes and achieve a successful result for our client.”

About Milwaukee High Lift, Inc. and Madison High Lift, Inc.
Milwaukee High Lift, Inc. and Madison High Lift, Inc. are two of the leading independent equipment rental companies operating in the Milwaukee and Madison, Wisconsin, metropolitan areas, respectively. Milwaukee High Lift, Inc. was founded in 2001 by industry veteran Mark Lancourt. Madison High Lift, Inc. was founded in 2009. The four member management team of the Company has been renting aerial equipment to customers in the region for over 100 years collectively. The customer relationships are strong, built by providing excellent customer service consistently year after year.
About Sunbelt Rentals
Sunbelt Rentals, a wholly-owned subsidiary of Ashtead Group plc, is the second largest equipment rental company in the United States. Headquartered in Fort Mill, S.C., Sunbelt Rentals provides equipment rental solutions for the industrial, construction, and municipal markets, plus the DIY market, from its national network of locations. Sunbelt Rentals’ extensive equipment fleet includes a wide range of general construction and industrial equipment which is broadened further by the product offering of its specialty divisions including Climate Control, Oil and Gas, Pile Driving, Pump & Power, Scaffold and our Industrial Resource Group.

FocalPoint, with offices in Los Angeles and Chicago, is an independent investment bank, specializing in mergers and acquisitions, private placements (both debt and equity), and financial restructurings. The firm’s primary focus is on middle-market companies.

Please contact Daniel Conway at (310) 405-7010 with any questions about this transaction.