HIG-backed Time Manufacturing acquires France Elévateur

• Time Manufacturing is a provider of vehicle-mounted aerial lifts
• France Elévateur is a French manufacturer of vehicle-mounted aerial platforms
• It has manufacturing sites in France and Spain

HIG Capital portfolio company Time Manufacturing has bought France Elévateur, a French manufacturer of vehicle-mounted aerial platforms. France Elévateur works with customers across trades including telecommunications, rail networks, electric utility, public lighting, roofing and other fields requiring access solutions. It has two manufacturing sites in France and Spain and 15 service facilities.

“France Elévateur is a highly complementary addition that brings further diversification to Time Manufacturing’s suite of aerial lifts, and strengthens the company’s global leadership position,” said Tenno Tsai, head of North American industrials at HIG.

HIG Capital is a global investor with over $49 billion in assets under management. It bought Time Manufacturing in December. Time Manufacturing is a global manufacturer of specialty equipment for electric utility, telecommunications, infrastructure, tree care, bridge inspection and other fleet-supported industries. It sells under the brands Versalift, Aspen Aerials, Ruthmann, Steiger, Ecoline, BrandFX and Bluelift.

“The France Elévateur acquisition represents a meaningful step forward in our global growth plan by adding more than 450 experienced professionals, a world-class regional product line, and over a dozen facilities across France, Belgium, and Spain,” said Curt Howell, CEO of Time Manufacturing Company. “Leveraging our existing reach in Austria, Denmark, France, Germany, Italy, Sweden, and Switzerland, the FE Group improves our reach in the important national markets of Belgium, Netherlands, Luxembourg, Ireland, Eastern France and Spain.”

“Together, Time Manufacturing and France Elévateur can leverage their combined portfolio of vehicle-mounted access products to bring additional solutions to all customers,” said Charles Goffin, CEO of France Elévateur.