National Equipment Dealers (NED) acquired Four Seasons Equipment, May Heavy Equipment and Earthmovers Equipment, as well as some assets of International Iron.

In a multi-faceted transaction that closed on Jan. 5, National Equipment Dealers (NED) acquired Four Seasons Equipment, May Heavy Equipment and Earthmovers Construction Equipment, LLC, as well as some assets of International Iron.

This is a truly exceptional opportunity for NED to expand in what is recognized as the three fastest growing economic areas in the U.S.: Texas (Houston and Dallas), the Carolinas (Raleigh, Lexington, Charlotte, Columbia, Greenville/Spartanburg, Charleston) and Florida (Orlando).

Financing for the merger and ongoing operations was supplied by a syndication of four banks led by BOK Financial. The other participating banks are Fifth Third Bank, Bank of the West and First Tennessee Bank.

Mitch Nevins, CEO, and Kerry Vickar, chairman, stated that employees of each company are expected to continue their respective jobs in the same previous manner as no operational changes will be made upon bringing these businesses together. They believe collective success will be realized by all employees working together, sharing best business practices and equipment fleets and benefitting from the synergies of a larger company footprint.

Collectively NED represents 10 major manufacturers across a three state territory, each embracing the combined operations in NED. It is expected that there will be a significant growth in size, both in terms of number of locations and employees, as well as by geographic diversification, that will provide substantially enhanced opportunities for them as well as NED.

Today's top stories

Des Moines Airport Works With Weitz/Turner On Expansion

ROMCO Equipment Co., SMT Acquire Bee Equipment Sales

San Francisco County Transportation Authority Bridges Retrofit Addresses Seismic Safety

Year in Review: Bobcat's Major Moments of 2024

MassDOT to Use Drones for Infrastructure Projects; Amherst Exploring New Downtown Designs

Iowa DOT's I-35 Project Includes New Bridges

JM Wood Holds December Auction in Montgomery, Alabama

DEVELON Set to Exhibit at ARA Show 2025