Throughout the year, numerous elements of the heavy equipment industry found new owners via acquisitions, from rental stores to dealerships to manufacturer’s purpose- built machine segments.
Here are our most read acquisition stories of 2018:
Nortrax
In May, Nortrax announced the sale of seven stores in its Midwest Region to the family-owned company McCoy Group, Inc. based in Dubuque, Iowa.
Nortrax, Inc. has sold seven stores in its Midwest Region to the family-owned company McCoy Group, Inc. based in Dubuque, Iowa.
Read the story here.
WesternOne
In October, United Rentals of Canada announced the acquisition of the assets of WesternOne Rentals & Sales.
WesternOne is a regional equipment rental provider of aerial lifts and heat solutions in Western Canada, with additional offerings of temporary power, general construction equipment and fuel delivery.
Read the story here.
Camex Equipment
The Brandt Group of Companies has announced the acquisition of Edmonton-based Camex Equipment Sales and Rentals Ltd in November.
Camex (Canada, America, MEXico) is a provider in the oil & gas, mining, pipeline, infrastructure, municipal and environmental sectors.
Read the story here.
Caterpillar’s forestry business
In August, Weiler Inc. has announced it has entered into a preliminary agreement with Caterpillar to buy purchase the Cat purpose-built forestry business.
Weiler has been manufacturing purpose-built equipment for the asphalt paving market since 2005, with sales and service through the Caterpillar dealer network.
Read the story here.
Cervus Equipment
In February, Cervus Equipment announced the sale of its construction dealership group to Calmont Equipment Ltd. This was Equipment Journal’s most read acquisition story of 2018.
The construction group is composed of four dealerships in Edmonton, Calgary, Red Deer and Fort McMurray, Alberta. All four locations represent the Bobcat, CMI and JCB brands.
Cervus decided to sell the construction dealerships to focus its growth on agriculture, transportation and material handling operations.
Read the story here.
