The Top 5 acquisition stories of 2020

acquisition

Throughout 2020, the construction and heavy equipment worlds recorded numerous acquisitions.

Here are the five acquisitions that generated the most interest from our online readers throughout the year.

5Canada’s first Bobcat dealership

Canada’s first Bobcat dealership, located in Windsor, Ontario, has a new owner as of Sept. 1, Oaken Holdings, the company that operates Bobcat of Toronto and Bobcat of Barrie, acquired Bobcat of Windsor from Carrier Centers Equipment.

The Windsor location first opened in 1972 as a Jacobs Farm Equipment dealership, officially bringing Bobcat equipment to Canada. The dealership was purchased by Carrier Centers about seven years ago.

Read the full story here.

4Brandt acquires GeoShack

In June, the Brandt Group of Companies became Canada’s largest Geopositioning tech supplier, following an agreement with United States-based Ultara Holdings to acquire the assets of GeoShack Canada Company.

The announcement was the latest in a series of acquisitions and dealer agreements by the Regina, Saskatchewan-based company, since their purchase of Nortrax in late 2019.

Read the full story here.

3Bird Construction acquires Stuart Olson

Bird Construction announced it is acquiring Stuart Olson for $96.5 million in July.

The combination of Mississauga, Ontario-based Bird Construction and Calgary, Alberta-based Stuart Olson creates a combined workforce of 5,000 people with an established presence in a number of Canadian markets.

The combined entity now has a well-balanced portfolio of low to medium risk projects, and the merger is expected to increase diversification across services, end-markets and geographies.

Read the full story here.

2Volvo CE sells Blaw-Knox pavers

Also in July, Volvo Construction Equipment signed an agreement to sell the North American Blaw-Knox paver business, as well as associated assets, to asphalt equipment manufacturer Gencor Industries

The Blaw-Knox business and associated assets shift to Gencor, including the transfer of the manufacturing production line that is currently located in Shippensburg, Pennsylvania.

Read the full story here.

1Strongco Corporation acquired for $193 Million

Equipment Journal’s most-read acquisition article of 2020 featured the acquisition of Strongco.

In January, the Portugal-based Nors, S.A. announced it entered a definitive agreement to acquire Strongco Corporation.

Under the agreement, Nors will acquire all of the outstanding equity of Strongco through a wholly-owned subsidiary, resulting in a transaction value of about $193 million.

Read the full story here.