Neff Corp. Stockholders Approves Acquisition by Odyssey

May 19, 2005 • As reported in mid April in Lift and Access 360, Odyssey Investment Partners, New York, made a move to acquire the Neff Corp., a construction and industrial equipment rental company based in Miami. To read the original article, click here. Since the definitive agreement was made, Neff stockholders recently approved the acquisition by an affiliate of Odyssey Investment Partners, LLC, at a special meeting held on May 10.

 

The transaction is valued at $510 million, including the refinancing of Neff's debt. Completion of the acquisition, which is expected to occur within the next several weeks, is subject to completion of financing for the transaction and customary closing conditions.