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Right Lane Industries Announces Agreement To Acquire The Rear Discharge Mixer Businesses Of Mcneilus And London Machinery Inc. From Oshkosh Corporation

Jan 31, 2023almost 3 years ago

Acquiring Company

Right Lane Industries

Acquired Company

McNeilus

ManufacturingManufacturingMobile

Description

Right Lane Industries (“Right Lane”) announced today that it has entered into a purchase agreement to acquire London Machinery, Inc. and the Rear Discharge Mixer business of McNeilus Truck and Manufacturing, Inc. (collectively, “RDM” or the “Business”) from Oshkosh Corporation. The acquisition, which is expected to close near the end of February, includes all rear discharge concrete mixer operations of the seller, including the iconic Bridgemaster brand, but does not include any of the McNeilus-branded refuse or front discharge mixer product lines.

Company Information

Company

Right Lane Industries

About

Right Lane Industries is a privately-held industrial holding company focused on acquiring manufacturing and industrial services businesses for a permanent holding period. RLI is controlled and majority-owned by its management team, which allows for nimble decision making, and a long-term orientation that is driven by a desire to build great businesses. Right Lane specializes in corporate carveouts and other non-traditional buyout transactions.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed