Brown Gibbons Lang & Company (BGL), the United States office of Global M&A Partners, Ltd. together with its German partner, InterFinanz GmbH, today announced the sale of Stahlhammer Bommern GmbH (STB) to Columbus McKinnon Corporation (NASDAQ: CMCO). BGL and InterFinanz served as exclusive financial advisors to STB. Columbus McKinnon acquired 100 percent of the outstanding shares of STB in the transaction.
STB’s transaction objective was to extend its leading European market position by partnering with a strong global strategic organization serving a similar customer base that could bring significant cross-selling opportunities and a broader platform from which to extend product and geographic reach. With the sale to Columbus McKinnon, the transaction achieved the shareholders’ objectives and illustrates the extensive cross-border capabilities of BGL, InterFinanz, and Global M&A Partners in the global industrials market.
Founded in 1911 and headquartered in Hamm, Germany, Stahlhammer Bommern manufactures lifting tools and forged parts that are able to withstand heavy, static, and dynamic loads, including single and ramshorn lifting hooks. STB also provides rigging tool offerings as well as engineering components to a diversified customer base. STB has been a trusted supplier to crane and block OEM suppliers in Europe and Asia for over 100 years.
With the acquisition, Columbus McKinnon will “expand its rigging tool offering with a much wider variety of eye, shank, and ramshorn lifting hooks and deepens its exposure to targeted global vertical markets, such as Oil & Gas, Mining, Construction, and Heavy Equipment industries,” commented CEO Timothy Tevens. “We plan to further extend STB’s product reach through our established global sales and distribution network.”
Columbus McKinnon is a leading worldwide designer, manufacturer, and marketer of material handling products, systems, and services, which efficiently and ergonomically move, lift, position, and secure materials. Key products include hoists, cranes, actuators, and rigging tools. The company is focused on commercial and industrial applications that require the safety and quality provided by its superior design and engineering know-how. For more information, please visit www.cmworks.com.