M&A Deal Summary

Darr Equipment Acquires Adobe Equipment Houston

On June 1, 2014, Darr Equipment acquired retailer Adobe Equipment Houston from Milestone Venture Group

Acquisition Highlights
  • This is Darr Equipment’s 1st transaction in the Retail sector.
  • This is Darr Equipment’s 1st transaction in the United States.
  • This is Darr Equipment’s 1st transaction in Texas.

M&A Deal Summary
Date 2014-06-01
Target Adobe Equipment Houston
Sector Retail
Buyer(s) Darr Equipment
Sellers(s) Milestone Venture Group
Deal Type Add-on Acquisition

Target

Adobe Equipment Houston

Houston, Texas, United States
Adobe is comprised of two full service forklift dealerships, Caterpillar and Nissan, and new and used trailer sales / service business. Both forklift dealerships incorporate new and used product sales, parts sales, equipment service and forklift rentals. The Caterpillar dealership sells predominately Caterpillar products, but also sells complementary products from Kalmar, Donkey, Mastercraft, Noble, JLG, Capacity, Shuttlewagon and Nilfisk Advance.

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Buyer(S) 1

Buyer

Darr Equipment

Dallas, Texas, United States
Category Company
Founded 1954
Sector Machinery
DESCRIPTION

Darr Equipment Co. is a family-owned, industrial equipment supplier specializing in providing customized solutions to meet our clients’ specific goals. Darr Equipment was formed in 1954 and is based in Dallas, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1

Seller(S) 1

SELLER

Milestone Venture Group

Houston, Texas, United States

Investor Investor

Category Private Equity Firm
Founded 1997
Size Small
Type Sector Agnostic
DESCRIPTION

Milestone Venture Group is a private equity investment firm that focuses on acquiring small to mid market companies. Milestone focuses on investments in the Southwest US in sectors including distribution, manufacturing, service, and value-added processing. Milestone's investment horizon is four to six years. The Firm will not invest in start-ups, pure construction companies, real estate projects, energy exploration or high-tech companies where no revenue-producing product or service line exists. Milestone Venture Group is based in Houston, Texas.

DEAL STATS #
Overall 5 of 6
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Texas) 4 of 4
Country (United States) 5 of 5
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-26 Adobe Equipment Houston

Houston, Texas, United States

Adobe is comprised of two full service forklift dealerships, Caterpillar and Nissan, and new and used trailer sales / service business. Both forklift dealerships incorporate new and used product sales, parts sales, equipment service and forklift rentals. The Caterpillar dealership sells predominately Caterpillar products, but also sells complementary products from Kalmar, Donkey, Mastercraft, Noble, JLG, Capacity, Shuttlewagon and Nilfisk Advance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-29 Innovent Biologics

Suzhou, China

Innovent Biologics is a biopharmaceutical company in China that develops, manufacture, and commercialize high-quality innovative medicines for the treatment of cancer and other major diseases. Innovent Biologics was founded in 2011 and is based in Suzhou, China.

Buy -
Mergr

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