Predict your next investment

INDUSTRIAL | Manufacturing
multiliftusa.com

See what CB Insights has to offer

Stage

Acquired | Acquired

About Multilift

Multilift manufactures the patented SandGuard and the Cyclone completion tools. These products extend the useful life of an electrical submersible pump (ESP) by protecting it against falling sand and other solids after shutdown.

Multilift Headquarter Location

11050 W Little York Building L

Houston, Texas, 77041,

United States

855-868-4833

Latest Multilift News

Hiab Acquires US Demountables Manufacturer Galfab

Aug 23, 2021

Getty Images Aug 23, 2021 Hiab, part of Cargotec, has entered into an agreement to acquire the US demountables manufacturer Galfab, which makes roll-off hoists and related equipment for the domestic waste industry. The acquisition broadens Hiab’s demountable portfolio while Galfab’s equipment will be included in Hiab’s nationwide US sales and service network. Galfab is a premier designer and manufacturer of waste equipment of all types, known foremost for its roll-off hoist, a cable lift. The company was launched in 1992 by the Galbreath family and apart from the legendary hoist designed by Don Galbreath, it also offers other products including compactors, containers and self-dumping hoppers. Its headquarter and main manufacturing site is in Winamac, Indiana, but Galfab also has two sites in Phoenix, Arizona, and Houston, Texas. It currently employs around 100 people. Galfab will become part of Hiab’s Demountables, Forestry & Recycling Cranes division. The division includes hooklift and skiploader demountables sold under the MULTILIFT brand, as well as JONSERED recycling cranes, known as material handlers in the US, and LOGLIFT forestry cranes. Both MULTILIFT and Galfab demountables are known for their reliability and ease of use and the majority of users work in the waste & recycling industry. “This is great news for new and existing customers. Galfab’s portfolio including the famous roll-off hoist will be integrated into Hiab’s US nationwide sales and service network. Together we are the second largest provider of demountables in the waste and recycling industry in the US. Galfab’s product portfolio including the popular roll-off-hoist is complementary to our offering and will help to introduce MULTILIFT products to new customers,” says Pauliina Kunvik, Senior Vice President, Demountables, Forestry & Recycling Cranes, Hiab. “Hiab US is excited to be working with the team at Galfab. Together we will expand the new product and services offering to the customers, strengthening our position in the industry. We see many opportunities to grow the US business with Galfab and Hiab products together, supported by our nationwide sales and service network,” says James Oreck, Vice President, Sales & Services, North America, Hiab. “I am extremely excited about Galfab becoming part of the Hiab team. This is a perfect match for Galfab and will enable us to continue to provide the leading brand in the industry to our customers while adding more quality products,” says Jerry Samson, CEO, Galfab. “This partnership unites two companies with premier brands in the industry. Galfab and MULTILIFT are known for quality and durability and bringing them together will only enhance the brand,” states Don Galbreath, Founder. Galfab is owned by its employees and Mosaic Capital Partners, LLC. We welcome Galfab to Hiab! This acquisition is in line with our strategy to grow from our core businesses. The recent acquisition of EFFER has been a success due to the talented people from both companies executing our integration plans according to our expectations. Together, as part of Hiab, Galfab and MULTILIFT equipment will be able to grow their sales faster in the US waste and recycling segment by growing market share, through cross channel sales execution, and significantly increasing the services share of total revenue, says Scott Phillips, President, Hiab. The acquisition expands Hiab’s US manufacturing footprint that previously included the multi-assembly unit for WALTCO tail lifts in Streetsboro, Ohio. The acquisition is subject to passing the approval process of sellers and Hiab. Closing is expected to take place during Q3 2021.

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Multilift Patents

Multilift has filed 17 patents.

The 3 most popular patent topics include:

  • Bulk material handling
  • Mechanical power transmission
  • Packaging machinery
patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/5/2019

7/20/2021

Tires, Packaging machinery, Tire manufacturers, Intermodal containers, Bulk material handling

Grant

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

Application Date

11/5/2019

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Grant Date

7/20/2021

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Title

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Related Topics

Tires, Packaging machinery, Tire manufacturers, Intermodal containers, Bulk material handling

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Grant

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.