trending Market Intelligence /marketintelligence/en/news-insights/trending/yWBDhSK2UdjIRIUJ8eroVg2 content esgSubNav
In This List

Stellex Capital Management to exit Morbark in $352M deal

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Stellex Capital Management to exit Morbark in $352M deal

Middle-market private equity firm Stellex Capital Management LP agreed to divest itself of Morbark LLC for $352 million.

Seguin, Texas-based Alamo Group Inc. is the buyer. The transaction is subject to customary closing conditions and approvals and is expected to close in the fourth quarter.

Baird was exclusive financial adviser, and DLA Piper acted as legal counsel to Stellex and Morbark on the transaction.

Morbark manufactures equipment and aftermarket parts for forestry, tree maintenance, biomass, land management and recycling markets.

Stellex, which invests in and oversees U.S. and European corporate assets, has $870 million of committed capital. Alamo Group designs, manufactures, distributes and services equipment for infrastructure maintenance, agriculture and other applications.