MITSUBISHI LOGISNEXT AMERICAS INC.
AGREES TO ACQUIRE MATERIAL HANDLING EQUIPMENT DEALER,
PON MATERIAL HANDLING NA, INC.
HOUSTON (April 11, 2019) – 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.”
MCFA has 110 authorized dealers covering more than 730 locations across North, Central and South America.
About Mitsubishi Caterpillar Forklift America Inc. (Logisnext)
Manufacturer of High-Quality Material Handling Equipment
Mitsubishi Caterpillar Forklift America Inc. (Logisnext) is a leading manufacturer of high-quality forklifts and warehouse products in North, Central and South America and the Caribbean. Based in Houston, Texas, the company distributes three distinct brands – Mitsubishi forklift trucks, Cat® lift trucks and Jungheinrich® warehouse products – through its extensive dealer network. All products are backed by industry-leading customer service and superior product support. For more information about Logisnext or any of its brands, visit Mitsubishi Caterpillar Forklift America, Cat Lift Trucks, Mitsubishi Forklift Trucks or Jungheinrich Forklifts.
About Equipment Depot
Serving local communities since 1951, Equipment Depot is America’s #1 independent material handling and rental source with 35 locations across 1,500 miles. Its team of dependable, helpful, driven, and accountable people are dedicated to providing the best service possible. The Company’s commitment to service is backed by its one-of-a-kind Performance. Guaranteed. ™ promise.