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Sold a distributor of material handling equipment to a large competitor with significant synergies.

 

Cleary Gull Inc. advises Plant Equipment Group, a business unit of TAKKT America Holding Inc. and TAKKT AG, in its sale to Global Industrial, a business unit of Systemax Inc.

Cleary Gull Inc. is pleased to announce that Plant Equipment Group (“PEG”), a business unit of TAKKT America Holding Inc. and TAKKT AG (XETRA:TTK) (“TAKKT”), has been sold to Global Industrial, which is the Industrial Products Group of Systemax Inc. (NYSE:SYX). Cleary Gull Inc. acted as exclusive financial advisor to TAKKT America Holding in this transaction.

As a storage and material handling specialist, PEG mainly offers products for transport, storage and plant equipment to companies in the U.S., Canada, and Mexico. PEG includes the following direct marketing brands: C&H Distributors, Products for Industry, Avenue Supply, and Industrialsupplies.com. PEG’s headquarters are located in Milwaukee, Wisconsin.


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