Genesis Capital is pleased to announce that it advised Solesbee’s Equipment & Attachments, LLC (“Solesbee’s”), a leading manufacturer of attachments for heavy equipment in a variety of markets, in its sale to Lifco AB (OMX: LIFCO B), a publicly listed company based in Sweden.
David Jenkins, President of Solesbee’s, said “Genesis Capital provided the guidance and expertise necessary to achieve the right outcome in the process for our company and its shareholders. From identifying the right potential partners in the process to expertly navigating the closing, the entire team at Genesis Capital exceeded our expectations. We are looking forward to our exciting future with Lifco.” Tom Herrmann and Stephen Boeschenstein, principal owners and members of the Board of Directors, also commented, “We are proud of our work with the Company and pleased to know that its future remains bright. Genesis Capital was instrumental in achieving such a positive outcome for the Company and we are tremendously grateful to the entire team.”
About Solesbee’s Equipment & Attachments, LLC
Solesbee’s Equipment & Attachments, LLC is a full-service heavy equipment attachment manufacturer based in Winston, GA. Since 1993, the industry’s most demanding users have relied on Solesbee’s premium attachments for every major brand of heavy equipment. The Company offers a wide range of attachments for forklifts, bulldozers, front-end and back-end loaders, excavators, and tractors. Solesbee’s attachments are job-site ready and guaranteed to improve heavy equipment productivity.
About Lifco, AB
Lifco acquires and develops market-leading niche operations with the potential to deliver sustainable profit growth and strong cash flows. The Group has three business areas: Dental, Demolition & Tools and Systems Solutions. Lifco has a clear corporate philosophy which implies a long-term perspective, focus on profits and a highly decentralized organization. Lifco has 133 companies in 26 countries. In 2016, the Group’s net sales was SEK 9 billion and the EBITA margin was 15%.