Throughout 2023, the heavy equipment industry in North America recorded numerous acquisitions.
Here are the five acquisitions that generated the most interest from our online readers throughout the year.
5. PDI acquires Green City Demolition
In February, Priestly Demolition (PDI) has announced the majority acquisition of Cincinnati-based Green City Demolition, facilitating its expansion in the United States from Virginia to Kentucky and Ohio.
According to PDI, the joining of these two companies is creating a partnership that will enable both companies to expand their service offering and collaborate on bigger, more diverse demolition projects.
Read the full story here.
4. Chadwick BaRoss acquires Amaco
In June, Chadwick BaRoss (Ontario) Limited (CBRO) acquired the Mississauga, Ontario-based Amaco Construction Equipment Inc.
CBRO is a Canadian based heavy equipment leasing and sales company. The company has more than 90 years of experience in the heavy equipment industry in the Northeast United States, covering Maine, New Hampshire, Vermont, Massachusetts, Rhode Island and Connecticut.
Read the full story here.
3. Elvaan Group acquires Jade Equipment
In August, Elvaan Group announced the acquisition of 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.
The acquisition allows Elvaan Group to reach new markets and grow within the construction, utility and mining equipment sectors.
Read the full story here.
2. Cooper acquires Hub Equipment
In February, Cooper Equipment Rentals Limited announced it has purchased 100 per cent of the shares of Toronto-based Hub Equipment.
Established in 1946 in Moncton, New Brunswick, Hub Equipment moved its operations into Southern Ontario in the 1950s and is recognized today as a leading provider of specialized heavy equipment, offering brands such as CAT, Volvo, Hitachi, John Deere, Komatsu, and more.
Hub Equipment operates as a Specialty Division of Cooper under the leadership of Tom Stevenson, president, and Raegan Fatouros, general manager.
Read the full story here.
1. Superior Industries acquires Cemco
In August, Superior Industries announced its plans to acquire the New Mexico-based Cemco.
Cemco is a 60-year-old manufacturing company and originator of the modern Vertical Shaft Impact (VSI) crusher, designed for production of roadbuilding material.
Today, Cemco continues to design and manufacture VSI crushers for the aggregate, recycling, mining and energy markets worldwide.
Read the full story here.
