Archbold, Ohio-based Bil-Jax Inc. announced today the company was acquired from its German-based parent Plettac AG by a partnership between Bil-Jax management and Indianapolis-based Centerfield Capital. Details of purchase were not disclosed.
The 57-year-old manufacturer of scaffold and scaffolding systems and supplier of event staging and seating equipment and aerial lifts and hydraulic lift trailers is now financially and strategically poised to expand its product offerings and focus even more on supporting its customers, according to a company representative.
"With the conclusion of this management buyout after a two-year process, we are excited to now serve our customers with the focus and benefits that comes from a management with a financially vested interest in the company," said president and CEO Jeff Ott. "Our team is one of the strongest within the construction equipment industry today, and our premium Bil-Jax brand product lines and success in the marketplace attest to our abilities to deliver what the sales channels and contractors need today to be successful."