The gurus established a new position in industrial machinery company JLG Industries (nyse: JLG - news - people ).

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The gurus established a new position in industrial machinery company JLG Industries.

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Its best-known acquisition was JLG, a maker of lift equipment that Wall Street had come to regard as a proxy for the housing boom.

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Oshkosh manufactures, distributes and services products under the brands of Oshkosh, JLG, Pierce, McNeilus, Medtec, Jerr-Dan, BAI, Oshkosh Specialty Vehicles, Frontline, SMIT, Geesink, Norba, Kiggen, Con-E-Co, London and IMT.

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Oshkosh faltered badly during the subprime crisis when demand for its construction equipment dried up right after the company had taken on massive debt to buy Wall Street darling JLG, a maker of lift equipment.

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