Mitsubishi Logisnext Americas (MLNA) Agrees to Aqcuire Equipment Depot
Mitsubishi Logisnext Americas Inc. (MLNA), the holding company for Mitsubishi Caterpillar Forklift America Inc. (MCFA), has entered into an agreement to purchase Pon Material Handling NA, Inc., a U.S. material handling equipment dealer operating as Equipment Depot. The parties expect to close the acquisition in the second quarter of 2019.
MLNA's acquisition of Equipment Depot will further complement MCFA's existing dealer network by adding direct, full-service material handling operations across nine states. David Turner will continue as President and CEO of Equipment Depot. The Equipment Depot acquisition will help MLNA continue to evolve its products and services to meet changing industry demands.
"Customers are increasingly seeking more comprehensive solutions to their material handling challenges," said Ken Barina, MLNA President. "By adding Equipment Depot and their proven history of world-class
customer service to our existing portfolio of products, we can continue to improve on our industry-leading solutions to our customers and dealer partners."
Serving local communities since 1951, Equipment Depot is one of the largest independent material handling and rental businesses in the U.S. With locations spanning 1,500 miles, Equipment Depot has a stable and profitable client-base. Delivering on its mission to be the Best Service Organization in the material handling and contractor services industry, Equipment Depot offers a unique promise: Performance. Guaranteed.
"Equipment Depot is proud to be part of the MLNA family, one of the largest material handling groups in North America," said David Turner, President and CEO, Equipment Depot. "MCFA and Equipment Depot have been long-time partners for more than 25 years. Together, we are well positioned to continue to provide industry-leading products and services to help our customers grow and succeed."