Mills Locação, Serviços e Logística S.A. (BOVESPA:MILS3) agreed to acquire JM Empilhadeiras for approximately BRL 280 million on May 9, 2024. The consideration includes an earnout bonus on the achievement of operational goals. The transaction is subject to approval by the Administrative Council for Economic Defense (CADE).

In 2023 JM Empilhadeiras reported an gross revenue of BRL 153.5 million. Mauricio Paschoal of Veirano Advogados acted as legal advisor to Mills Locação, Serviços e Logística. Claudio Fabricio Lima of Freitas Leite acted as legal advisor to JM Empilhadeiras.