M&A Deal Summary

Industrial Truck & Equipment Acquires Balar Equipment

On September 1, 2022, Industrial Truck & Equipment acquired automotive company Balar Equipment

Acquisition Highlights
  • This is Industrial Truck & Equipment’s 1st transaction in the Automotive sector.
  • This is Industrial Truck & Equipment’s 1st transaction in the United States.
  • This is Industrial Truck & Equipment’s 1st transaction in Arizona.

M&A Deal Summary
Date 2022-09-01
Target Balar Equipment
Sector Automotive
Buyer(s) Industrial Truck & Equipment
Deal Type Add-on Acquisition
Advisor(s) Generational Equity LLC (Financial)

Target

Balar Equipment

Phoenix, Arizona, United States
website
Balar Equipment is a dealer of refuse truck bodies, hydraulic tools, and customized truck bodies used for street, water, and sewer maintenance. Balar Equipment is based in Phoenix, Arizona.

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Buyer(S) 1

Buyer

Industrial Truck & Equipment

Hindmarsh, Australia

website

Category Company
Founded 1945
Sector Automotive
DESCRIPTION

Industrial Truck & Equipment is a manufacturer of Castors, Wheels, Hand Trucks, Trolleys, Plastic Bins, Ladders, Materials Handling, Safety Equipment and Pallet Trucks. Industrial Truck & Equipment was founded in 1945 and is based in Hindmarsh, Australia.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Mergr

Product

Company

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