Elvaan Group has announced it has acquired Jade Equipment Company.
Founded in 1988 and based in Alberta and Central Ontario, Jade Equipment is known as a provider of motor graders and a dealer for the road machinery, construction and mining equipment industries, representing brands like JCB, Easi-pour and several major roadbuilding brands.
“We are excited at the opportunity to join forces with Elvaan Group, a highly respected and rapidly growing company that shares our values and vision. We know that under the leadership of Elvaan Group’s President and CEO, Suman Mukherjee, Jade will play an important part in helping Elvaan become a leading provider of construction equipment solutions for global brands. Our loyal customers can rest assured that they will continue to receive top-notch support, now backed by a team with even broader industry reach,” Steve McCoy, Bonnie McCoy, and Ric Ross of Jade Equipment said in a news release.
Mukherjee explained the acquisition of Jade Equipment, effective Aug. 3, 2023, will allow Elvaan Group to reach new markets and grow within the construction, utility and mining equipment sectors.
“We’re thrilled to carry forward Jade Equipment’s 35-year legacy and expand the brand with our current partners,” Mukherjee said. “The highly experienced and skilled team at Jade has been making a significant impact in the industry for many decades, and we look forward to merging our talents and welcoming them to the Elvaan family thereby bringing unparalleled value to our Canadian customers.”
Elvaan Group is the parent company of Elvaan Equipment Solutions, formerly Trenchless Utility Equipment, one of Canada’s largest Develon dealers. The Mississauga, Ontario-based company also carries machinery from Terra Trenchless, Ammann Group, Universal, Melfred Borzall, JLG and Skyjack.
Elvaan Group aims to become one of Canada’s Top 5 construction equipment dealers by 2033. The company’s strategic roadmap includes a national presence and a commitment to delivering quality solutions to customers. In 2022, the company set forth on a new vision to transform into a total equipment solutions provider and has recorded rapid growth in the last two years across Eastern Canada.