Manitex changes CEO, buys into rental

By Murray Pollok15 April 2022

Manitex International, producer of Manitex, Oil & Steel, PM and Valla, has appointed former AMECO and Hitachi Construction Machinery executive Michael Coffey as CEO, replacing Steve Filipov.

Michael Coffey, CEO of Manitex International

The company said Coffey “has a proven track record as an operations leader integrating, consolidating and managing facilities and executing M&A transactions on four continents.”

Filipov will continue to work in an advisory capacity, said Manitex.

At the same time Manitex announced the acquisition of 70 per cent of Texas general rentals company Rabern Rentals for US$25.9 million. Rabern has four locations in Texas and reported revenues of $21.5 million last year.

Rabern founder Steve Berner will continue to run the business and retains a 30 % stake.

Joe Doolan, Manitex CFO, said, “Rabern’s rental fleet of equipment is complimentary, to our own product lines but does not overlap Manitex’s current products. It is a great fit for our overall objective of pursuing profitable and sustainable growth for Manitex.”

He said new CEO Coffey had experience that would be “instrumental in helping us chart our path forward as a provider of equipment into the industrial marketplace that generates value for shareholders, capturing an appropriate share of margin and cash flows.”

Steve Filipov

Coffey has spent more than 25 years in heavy equipment rentals, manufacturing and operations management. He was CEO of equipment parts and service business H-E Parts (owned by Hitachi CM) and previously held senior positions at Oldcastle and Fluor-owned rental business AMECO.

“I am looking forward to working with the team at Manitex to support our commercial objectives to achieve higher levels of financial performance”, said Coffey.

“The industrial equipment landscape has continued to evolve and a focus on production, costs, and operating efficiencies is critical to taking advantage of the market opportunities we see in front of us.

“The entire Manitex team wishes to thank Steve Filipov for his hard work that has put the company in a good position to move forward from here. Steve will continue to work with the company in an advisory capacity.”

Delivered directly to your inbox, Access, Lift & Handlers Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Featured Training From Easybook
NYC SST Online Training

The clock is ticking… Construction workers in New York City – have you fulfilled your required Site Safety Training (SST)? Get your SST card online now

Latest Events
SAIA early bird rates end soon
The SAIA Annual Convention & Exposition attendee early bird rates expire May 31, exhibitor space limited
Two-day access and rental event set for September
The ALH Conference and IPAF Innovate workshop have combined forces to offer two days of education and networking for the access and rental industries
First speakers for ALH Conference announced
Larry Silber, president and CEO of Herc Rentals, to keynote ALH Conference, Sept. 29 in Chicago
Off-Highway Research

The gold standard in market research

Off-Highway Research offers a library of more than 200 regularly updated reports, providing forensic detail on key aspects of the construction equipment industry.

Our detailed insights and expert analyses are used by over 500 of the world’s largest and most successful suppliers, manufacturers and distributers, to inform their strategic plans and deliver profitable growth.

Click here to visit our website

Lindsey Anderson Editor, Access, Lift & Handlers Tel: +1 312 929 4409 E-mail:
Tony Radke Sales Manager Tel: +1 480 478 6302 E-mail: