Calder Capital is excited to announce the acquisition of Frank H. Gill Company of Lansing, IL by BMH Equipment, LLC (“BMH”)!
Frank H. Gill Company is a material handling equipment supplier of products including cranes, cargo tractors, pallet jacks, and commercial and industrial utility vehicles. The Company specializes in the distribution of products produced by companies such as Taylor-Dunn, Caldwell, and Wastequip.
The Frank H. Gill Co. was founded in 1945 by John and Tom Gill’s grandfather. John and Tom acquired the Company from their father, Jack Gill, and uncle, Charlie Gill. After many years of successfully owning and operating the Company, the pair decided it was time to transition the Company to new ownership, although they lacked a succession plan. When Calder’s buy-side team reached out to John and Tom regarding a possible acquisition of Frank H. Gill Company, they were eager to engage with a qualified buyer within the industry.
John Gill stated, “When Parker Schaap from Calder approached us with this potential opportunity, we were quite pleased. The acquisition was a great fit as the products offered by Frank H. Gill Co. will further enhance BMH’s current capabilities.”
BMH is a full-line material handling distributor that offers customers a one-stop shop for products such as forklifts, pallet racking, hand trucks, and conveyor components. With the addition of Frank H Gill, BMH now has five locations throughout the Midwest and Northeast. BMH engaged Calder Capital’s buy-side team with the goal of acquiring related businesses throughout the Midwest and Northeast.
John and Tom Gill were receptive to the idea of a sale, and they were able to finalize the deal in a smooth manner. Frank H. Gill Company will continue to operate as Frank H. Gill for a period of time before transitioning to the BMH brand.
Parker Schaap, Buy-Side Associate at Calder Capital, worked closely with BMH to find the right Company to continue their expansion into new products and territories.
“Coincidentally, John and Tom were beginning the process of interviewing M&A advisors so the timing of our buy-side team was perfect,” says Parker Schaap. “The Frank H. Gill Company is in great hands with BMH and I am happy that Calder can be a part of BMH’s growth story.”
Calder Capital, LLC served as the exclusive Mergers & Acquisitions Advisors to BMH. The terms of the transaction were not disclosed.
BMH Equipment LLC (“BMH”), formerly known as The Cavanaugh Company, is headquartered in Washington, DC, and acquires and operates material handling equipment dealerships throughout the Midwest, Northeast, and Mid-Atlantic. BMH is one of the fastest growing companies in the material handling space, having grown 732% year-over-year in 2022. The company’s product lines span pallet racks, shelving, conveyors, mezzanine, and forklifts and enable manufacturers, distributors, and logistics providers to get what they need where they need it in the most efficient manner possible. For more information, visit https://bmhinc.com/, https://aslmhc.com/, https://graniteindustrial.com/, or https://masslift.com/.