Generational Equity Advises Balar Holding Corp. in its Sale to Industrial Truck & Equipment

By Generational Equity


Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Balar Holding Corp. (dba Balar Equipment), to Industrial Truck & Equipment, LLC. The transaction closed September 1, 2022.
Located in Phoenix, Arizona, Balar Equipment (Balar) is a leading dealer of refuse truck bodies, hydraulic tools, and customized truck bodies used for street, water, and sewer maintenance in the State of Arizona. The Company sells a variety of customized equipment solutions as well as standard product lines of the manufacturers that Balar represents, which include Heil, Vac-Con, Schwarze, PB, Wachs, and Stanley, among others. The majority of revenue is generated from the sale of equipment.
Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham, and his team, led by Senior M&A Advisor, Jerry Glover, with the support of Vice President – Western Region, Bo Zhao, closed the transaction. Senior Managing Director Doug Morrow established the initial relationship with Balar.
“It was a real pleasure working with the Balar leadership team. Their outstanding industry knowledge, professionalism and flexibility were very welcome,” said Glover.

About Generational

Headquartered in Dallas, Generational is one of the leading M&A advisory firms in North America.

With more than 350 professionals located throughout 17 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.

The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. For more information, visit