Corporate Snapshot
Time Manufacturing is a leading global manufacturer of vehicle-mounted aerial lifts, digger derricks, bucket trucks, and bridge inspection equipment.
- Through its strong Versalift and Aspen Aerials brands, it is widely recognized for quality, value, and innovation.
- The company has a strong track record of consistent high quality and strong product development and engineering capabilities
- Top 3 market position in the key Telecom and Electric Utility Distribution end markets
- Comprehensive portfolio of aerial lift products with various platform capacities and vertical reach allows workers and technicians to safely operate at heights from 20 to greater than 200 feet with load bearing of 400 to 750 pounds
- Manufacturing operations in Waco, TX and Denmark, with global network of distribution/upfitting facilities
- Deep and loyal customer base of telecom and cable companies, electric utilities and municipal authorities accessed through a diverse go-to-market channel mix to meet steady, replacement demand
Global Reach
Time Manufacturing’s principal manufacturing facility is centrally located in Waco, TX, with additional manufacturing in Farso, Denmark. These locations provide:
- Proximity to key suppliers
- Strong transport network to both domestic and international markets
- Farso, Denmark provides assembly and manufacturing operations for international markets
- Time Manufacturing leverages an extensive network of domestic and international Company-owned distributors, providing broad market access
- Deep technical knowledge with teams composed of experienced engineers to ensure highest standards of design and performance
- Broad geographic footprint with proximity to key suppliers along with company-owned distribution footprint provide strong barriers to entry
- In the U.S., third-party distribution channels provide comprehensive market coverage through long-standing relationships and brand awareness
Corporate Structure
Time Manufacturing Company sells aerial lifts through Direct Sales Unit, through Company owned distribution, and through Third Party Distribution. Time Manufacturing’s Aspen Aerial Unit manages manufacturing, assembly, and world-wide distribution through its Duluth Minnesota facility.
In February of 2017, The Sterling Group, a middle market private equity firm based in Houston, Texas, acquired Time Manufacturing Company. Sterling has sponsored the buyout of over 50 platform companies and numerous add-on acquisitions for a total transaction value of over $10.0 billion. Currently, Sterling has over $2.2 billion of assets under management. For further information, please visit www.sterling-group.com. With renewed investment, new leadership, and the formation of a International Growth Strategy, Time Manufacturing Company is poised to rapidly increase profitability, expand market share, and significantly increase output in support of its clients all of the world.
The company has 18 company-owned facilities across North America and Europe that are uniquely designed to facility all aspects of client needs. With uplifting/assembly, repair, maintenance, and sales all handled under one roof. Lift Manufacturing prior to upfit to vehicle chassis is handled out the the company’s world class facilities in Waco, Texas and Farso, Denmark shipping units domestically in USA and across Europe respectively. Each facility also designates a certain number of units to ship to the more than 60 countries served.
late in 2018, Time Manufacturing through its Versalift Brand established a landmark joint venture with XJ Electric, a subsidiary of China Electric Grid. The American bucket truck manufacturer and the Chinese energy giant will work together to develop an insulated aerial lift factory in China in order to manufacture and assemble bucket trucks to be distributed throughout the Chinese market and to other countries in the region. This joint venture agreement is evergreen, and will result in thousands of additional Versalift aerial lifts produced annually.
Time Manufacturing Company is particularly proud of their relationships with their Third Party Distributors. Unique in the industry these distribution relationships allow Versalift Aerial Lifts to be shipped to and mounted to chassis across more than 40 locations around the world. Additionally, these agreements allow Versalift’s to be serviced and maintained at more than 200 locations around the world.
GROWTH
Time Manufacturing is in rapid growth mode both inside and outside of the United States. The company is rapidly growing its market share with clients in the Telecommunications, Electric Utility, Sign, Light, & Traffic, Forestry and Bridge Inspection industries. In 2018 alone, more than 5 acquisition have led to increased profitability and a vastly better balanced footprint across the Central and Southeastern United States.
