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Boom truck and rough terrain forklift manufacturer Manitex agreed to pay US$3.1 million for the Dakota-based manufacturer of specialized trailers from the Genie Industries subsidiary of Terex Corporation. Load King average annual revenue is about $23M according to Manitex.

Andrew Rooke, Manitex president and COO, said, “We are excited to add another niche product line with a well-recognized quality brand name and accomplished management team, to the Manitex family. The acquisition brings us additional government and military relationships, outstanding manufacturing capabilities and a strong distribution network, particularly within the energy, railroad and construction industries.

Read the full story at khl.com.

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