We are pleased to share the sale of our 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.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Transport & Distribution M&A Deals page.
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