$6.5M EBITDA Material Handling Dealer

Overview
• Full-service provider of warehouse solutions, offering:
⁻ Forklifts
⁻ Long- and short-term equipment leasing programs, with high fleet utilization
⁻ Parts
⁻ Maintenance services
⁻ Warehouse design and installation services, including racking, shelving and automation systems
⁻ Operator training
• Diversified end-markets and customers in manufacturing, e-commerce, and logistics
• 124% absorption rate

Future Story
• Ramp up sales and conversions to electric forklifts to acquire new customers and increase revenue
with existing customer base
• Implementing aggressive sales initiatives
• U.S. forklift market registering 12.5% CAGR, to reach $35.7 billion by 2034

Sustainability
• 88% of revenue from repeat customers in 2024, from rentals, maintenance, and parts
• Favorable industry tailwinds due to growing demand from warehousing, e-commerce, and
manufacturing

Defensibility
• Authorized multi-state Area of Primary Responsibility (APR) with top brands create a durable
competitive barrier
• In-house, certified service teams provide operational advantage
• High barriers to entry, including significant start-up costs and decades to build supplier
relationships and rental fleet inventory