LAKESIDE PARTNERS ADVISES Heavy Equipment SALES & rENTAL PROVIDER ON ITS Sale to a LEADING private equity Buyer
Lakeside Partners ("Lakeside"), a leading boutique investment bank specializing in M&A advisory services, acted as the exclusive financial advisor to a heavy equipment distributor ("the Company") in its sale to a private equity buyer ("the Buyer"). Both parties have elected to keep their identities confidential. The Company is a leading distributor of heavy and light construction equipment, serving customers across commercial construction, infrastructure, mining, and other industrial end markets. The Company provides equipment sales, rent-to-own rentals, aftermarket parts and supplies, and on-site maintenance and repair. It has longstanding relationships with a broad network of equipment manufacturers and holds a leading position in its regional market.
Under longstanding family ownership, the Company was seeking an investor who could build on its multi-decade legacy of putting customers first. The Buyer's investment will enable the Company to build on this legacy and execute its growth plans through both geographic expansion and service offering expansion. Management looks forward to continuing to lead the Company post-close, leveraging the Buyer's extensive experience from existing investments in the space. Together the Company and the Buyer will seek to expand within the high-growth geographic region in which the Company operates.
The transaction, led by Tom Newell and Taylor Fish at Lakeside Partners, further strengthens the firm’s expertise in the industrials sector.
Lakeside used targeted industry relationships and sector knowledge to maximize engagement and drive competitive tension throughout the process – eventually surfacing the right buyers in the equipment rental segment. Lakeside led every critical aspect of the transaction including strategic positioning, marketing materials, investor outreach, negotiations, and closing diligence, delivering a strong result for all involved. The engagement reflects Lakeside’s growing presence in the industrials space and a continued commitment to delivering exceptional outcomes for its clients.
Sell-side legal counsel on the deal was provided by Snell & Wilmer.
Sell-side Quality of Earnings was provided by Tanner.
About Lakeside Partners (www.lakesidepartners.com)
Lakeside Partners, which has offices in Minneapolis, MN, Seattle, WA, and Sioux Falls, SD, provides M&A advisory services to privately-held businesses. The firm has extensive expertise serving businesses across multiple industry verticals including business services, industrials, food & beverage, consumer & retail, specialty distribution, and technology, among others.
For more information about our firm or this transaction, please contact:
Tom Newell
Managing Partner
tnewell@lakesidepartners.com
206.295.9746
Taylor Fish
Partner
tfish@lakesidepartners.com
605.759.0341
Spencer Sumpter
Associate
ssumpter@lakesidepartners.com
360.510.4011
Grant Connelly
Associate
gconnelly@lakesidepartners.com
214.300.5607
Jaden Zander
Analyst
jzander@lakesidepartners.com
952.463.7371