LONDON, Ontario – Lift Depot Ltd. has entered into an agreement to be acquired by Leavitt Machinery based in Surrey, British Columbia. The transaction will close March 31, 2019.
Lift Depot, which celebrated its 20th year in business in 2018, continues to experience tremendous growth year after year. The acquisition by Leavitt Machinery, one of North America’s largest material handling equipment dealers, will strengthen Lift Depot’s resources to enable strategic growth and expansion within Ontario.
“Our ever-expanding loyal customer base continues to grow beyond the borders of our existing four full service branch locations in Windsor, London, Stratford and Cambridge, Ont,” said Lift Depot founder and president Rob Daniel.
Leavitt Machinery President, Tom Leavitt said: “Our executive team is excited to have Lift Depot join Leavitt Machinery and build on a solid presence in the Ontario marketplace. Lift Depot is well-known in the industry for having a great reputation with customers and vendors alike and a hard-working dedicated team of people throughout their four branches. We are going to plug some resources into key areas of their business that will enable them to continue to strengthen their position in the market.”
Lift Depot Ltd. provides materials handling equipment sales, rentals, parts, service, maintenance programs and operator training to a diverse customer base including automotive, logistics, manufacturing, food and beverage, construction and retail applications. The company employs more than 65 staff including 35 service technicians, operator trainers, sales and service as well as parts personnel at four branch locations.
Lift Depot is an authorized dealer in Ontario for Hyundai and CLARK forklifts, Blue Giant electric pallet trucks and stackers, Motrec personnel carriers, and Skyjack and Genie aerial work platforms and telehandlers.