Stellex Capital sells Morbark to Alamo Group
Stellex Capital Management has sold Morbark LLC, a maker of high-performance equipment and aftermarket parts for forestry, tree maintenance, biomass, land management and recycling markets, to Alamo Group Inc. The deal values Morbark at about US$352 million. Baird served as financial adviser and DLA Piper was legal counsel to Stellex and Morbark on the transaction. Based in Winn, Michigan, Morbark has subsidiary operations in Wooster, Ohio and Roxton Falls, Québec.
25 October 2019•3 mins read
