M&A Deal Summary

ML Utilities Acquires Utility Equipment Service

On September 14, 2021, ML Utilities acquired automotive company Utility Equipment Service

Acquisition Highlights
  • This is ML Utilities’ 1st transaction in the Automotive sector.
  • This is ML Utilities’ 1st transaction in the United States.
  • This is ML Utilities’ 1st transaction in Tennessee.

M&A Deal Summary

Date 2021-09-14
Target Utility Equipment Service
Sector Automotive
Buyer(s) ML Utilities
Deal Type Add-on Acquisition

Target

Utility Equipment Service

Spring Hill, Tennessee, United States
website
Utility Equipment Service is specialized in new & used sales, upfitting, rental, parts & accessories, shop repair, and maintenance of service trucks. Utility Equipment Service was founded in 1981 and is based in Spring Hill, Tennessee.

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Buyer(S) 1

Buyer

ML Utilities

Charlotte, North Carolina, United States

website


Category Company
Sector Automotive
DESCRIPTION

ML Utilities is a provider of an equipment maintenance, hydraulic repair, inspections, lube and chassis services (in-house or on the customers' site), all safely performed by a team of highly trained service technicians. ML Utilities is based in Charlotte, North Carolina.


DEAL STATS #
Overall 1 of 2
Sector (Automotive) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Tennessee) 1 of 2
Country (United States) 1 of 2
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-30 Cherokee Truck Equipment

Chattanooga, Tennessee, United States

Cherokee Truck Equipment is a provider of new and used truck equipment and specializes in truck up-fitting packages for railroad operations. Additionally, their range of services includes equipment diagnosis, testing, inspections, preventative maintenance, and repairs, as well as a full-service web-based parts and equipment division. Cherokee Truck Equipment was founded in 1981 and is based in Chattanooga, Tennessee.

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