BGL Provides Heavy Lifting in Sale of InterLift Enterprises to Toyota Industries Corporation
January 01 2013
Brown Gibbons Lang & Company (BGL) announced today the sale of Interlift Enterprises, Inc. (ILE) to Toyota Material Handling, U.S.A., Inc., a division of Toyota Industries Corporation (TSE: 6201).
Established in 1978 and headquartered in Cleveland, Ohio, ILE is the largest Toyota material handling dealer in Ohio, operating under the ILT Toyota-Lift, DMH Toyota-Lift, and JRC Toyota-Lift identities, and one of the most highly decorated in the United States. ILE maintains the largest inventory of new and used Toyota forklifts, utility vehicles, tow tractors, order pickers, and warehousing fixtures and equipment in Ohio.
Andrew Petryk, a Managing Director of BGL said, “We are pleased to have been a part of this transaction that will further build on ILE’s 25-year partnership with Toyota. ILE has achieved a highly successful operating history as a leading industrial equipment supplier in its footprint based on a steadfast commitment to continuous improvement, customer and employee satisfaction, and quality and service excellence.”
“BGL provided significant value in advising ILE with respect to our sale to Toyota,” said Phil Graffy, President of ILE. “We have enjoyed a long, successful history with Toyota and are very pleased to deepen our partnership to provide a broader set of product and service capabilities to our customers and additional opportunities to our employees.”
Andrew Petryk and Kevin Sargent led the BGL transaction team. Hawkins & Co., L.P.A. served as legal counsel and Cohen & Company provided accounting advice.