MH Equipment Announces Territory Acquisition from YMH Torrance Equipment

Acquisition makes MH Equipment the Dual Brand (Hyster & Yale) Dealer in the Iowa and Northwestern Illinois area.

Peoria, Ill. (September 21, 2018) - MH Equipment, based in Peoria, Ill., announced on September 1, 2018, that it has assumed responsibility for Yale brand forklifts in the Iowa and northwestern parts of Illinois from Cedar Rapids, Iowa based Torrance Equipment. The acquisition makes MH Equipment Hyster-Yale Group, Inc.'s dual brand dealership representing both the Hyster and Yale brands in the Cedar Rapids, Des Moines, Dubuque, Mason City, and Quad Cities markets.

"Torrance, under Steve Gallagher's leadership, has been a successful Yale dealership for more than 20 years and has built a large and loyal customer base by providing integrity, outstanding value and unique solutions which aligns well with MH Equipment." said John Wieland, CEO of MH Equipment. "Today's acquisition allows us to expand our dealership and product offering while developing new customer relationships within the Iowa and northwestern Illinois market."

With this transaction, MH is buying all assets of Torrance and will become the Yale dealer for the territory. Joining MH Equipment will be more than 90 employees of Torrance including almost 50 technicians. This acquisition puts MH Equipment at over 900 employees and almost 500 technicians, making them the largest Hyster and/or Yale dealer, in terms of technicians, in America.

"Our company is based on three principles: People Matter, Passion Inspires and Purpose Unites," continues Wieland. "We look forward to demonstrating these principles by establishing trust with our new customers and new employees, and by demonstrating they can count on us to provide high-quality customer service and employment."

About MH Equipment

MH Equipment (MH) began in Peoria, Illinois in 1952 as a small forklift dealership, but has grown to become one of the largest and fastest growing full-service material handling providers in the United States. Since 1994, MH has grown organically and through acquisitions from a small company of 50 employees and 3 locations into an organization composed of multiple dealerships with over 800 employees and 27 servicing locations throughout the Midwest. Our Mission is to deliver exceptional service while honoring our corporate Vision of being an employer of choice, a trustworthy partner and ethical market leader in our communities. As an organization, we believe the following simple truths make a difference when connecting with MH as a Customer, Supplier or Employee: All People Matter and are due honor and respect, principled Passion Inspires others and enriches lives, and our Purpose Unites us in serving our customers and communities. "We trust as a company we will always remain mindful of our humble beginnings, grateful for our success and hungry for our next horizon."

Media Contact: MH Equipment
Name: Dannelle Dahlhauser
Title: Director of Marketing & Sales Support
Phone: 515-698-9768
Email: ddahlhauser@mhequipment.com

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