Munck Cranes Inc. has been acquired by Zelus Material Handling Inc.
Coldwater Corporate Finance Inc. acted as the exclusive financial advisor to the shareholders Munck Cranes Inc. (“Munck” or the “Company“) in connection with its sale to Zelus Material Handling Inc. (“Zelus“), a member of the Ardent Group of Companies. Scarfone Hawkins LLP, led by Danielle Iampietro, acted as sell-side legal advisor, and Pettinelli Mastroluisi LLP as accounting and tax advisor.
Incorporated in 1983, Munck is one of Canada’s most recognized providers of overhead crane manufacturing and service, offering integrated design, fabrication, installation, and service. Known for its innovation, reliability, and commitment to Canadian manufacturing, the Company produces custom cranes, gantries, transfer carts, and runway systems for a diverse range of industrial applications across manufacturing, construction, energy, and logistics sectors.
Founded in 2002, Zelus is a leading Canadian manufacturer of overhead crane systems with deep technical expertise in designing, installing, and servicing custom crane solutions.
Coldwater leveraged its transaction experience in the overhead lifting solutions sector to position Munck as a premier Canadian manufacturing and service platform. We conducted a targeted process emphasizing the Company’s ISO-certified engineering capabilities, long-standing customer relationships, and integrated service model. This approach generated strong interest from qualified strategic acquirers with complementary operational footprints.
The transaction creates one of the largest and most experienced crane service networks in Canada, supported by experienced technicians and multiple service branches throughout Ontario. The combination delivers a strong outcome for Munck’s shareholders and positions the Company for continued growth within an expanding national platform, underscoring Coldwater’s ability to align specialized industrial businesses with the right long-term partners.
