Back to News

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

By Generational Group

09/15/2022

Generational Group, 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 Group 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.

COMPLIMENTARY EXIT STRATEGY CONFERENCE

How and When to Sell Your Business for Maximum Profit

This complimentary one-day conference provides essential knowledge on successful exit and growth strategies, including business valuation and value enhancement tactics to determine how and when to sell a business for optimal value.

Successful exits don't just happen—they're planned.

Locate an Exit Strategy Conference near you.
Your nearest conferences are:

There are currently no upcoming conferences matching your search.
Please register your interests in future events.

Unable to Attend?

Not a problem, register your interest and we will let you know when an executive conference is next in your area.

About Generational

Generational Group, headquartered in Dallas, TX, is a leading, award winning full-service M&A advisory firm. Generational has over 350 professionals across 17 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including M&A advisory, exit planning education, business valuation, strategic growth advisory, wealth advisory, and digital solutions.

Celebrating its 21st year, Generational has successfully closed over 1,900 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $1 billion in 2024 and 2025.

The firm was named 2025 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in 2024 and 2025.