GNCO (Towlift Inc.) acquires Cromer Material Handling
Cromer Material Handling has been acquired by GNCO, the parent company of several material handling dealerships, including Towlift Inc., a major distributor headquartered in Ohio. Towlift operates across several Midwestern states, providing much of the same forklift brands and equipment that Cromer does.
GNCO also owns a range of other companies that serve the material handling industry including warehousing, fleet management, forklift parts & service, technician, and forklift operating training…you name it.
Marshall Cromer
“I’ve known the guys at Towlift for years now; they’re good people. When we started talking about a sale, I admit, I was skeptical. I’ve spent 30 years building up my business. I’d only sell if it gave me a chance to do more, said Marshall Cromer “the Forklift Boss”. “The more we talked, the more I realized such a sale would work. Towlift wasn’t interested in making big changes to our team or our inventory. They want to do the same thing I want: Go Bigger!”
No financial information has been disclosed of the deal.
