Grand Equipment Company has been acquired by Cognitive Capital Partners

Blackford Capital has sold Grand Equipment Company LLC to Cognitive Capital Partners, LLC.

Based in Hudsonville (Grand Rapids), Michigan, Grand Equipment is a leading multiline equipment dealer providing a one-stop solution for construction equipment sales and rentals, parts and service across the attractive western Michigan market. The company serves a diverse, loyal and economically resilient base of customers who appreciate its market-leading OEM brands, customer-first approach and complementary sales, rental, service and parts offering.

Cognitive Capital Partners is a Chicago-based private equity investment firm with a flexible investment horizon, allowing it to invest for two years or 20, based on the needs and opportunities of its portfolio companies. Cognitive plans to support Grand Equipment to pursue multiple add-on acquisitions and expansion into adjacent states.

Founded in 2010, Blackford Capital is a private equity investment firm headquartered in Grand Rapids, Michigan. Blackford acquires, manages and builds founder and family-owned, lower middle-market companies, with a focus on the manufacturing, industrial and distribution sectors.

Oaklins TM Capital in the US served as the exclusive financial advisor to Grand Equipment Company LLC. The firm is a market leader in the equipment rental/dealer space, having completed multiple transactions and published authoritative research on the industry.

Service

M&A sell-side

Parties

“Oaklins TM Capital distinguished themselves from day one with their knowledge of the equipment dealer space. They developed excellent materials to highlight Grand Equipment and its organic and M&A growth opportunities, attracting interest from a solid group of long-term, patient capital investors. This is apparently a newer sector for financial investors; and I was impressed in how they guided these investors to appropriately assess and value an equipment dealer. Ultimately, they helped me find the perfect partner in Cognitive Capital, and I appreciate their experience and effort to facilitate a great outcome for me and my team.”

Jeff Grasman

President and CEO, Grand Equipment Company LLC

Talk to the deal team

David M. Felts

Managing Director

Atlanta, United States
Oaklins TM Capital

View profile Get in touch

Steve Hunter

Managing Director

Atlanta, United States
Oaklins TM Capital

View profile Get in touch

Greg Berube

Associate

Boston, United States
Oaklins TM Capital

View profile Get in touch

Related deals

iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets

Private Equity | Construction & Engineering Services | Energy | TMT

iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets

iwell, a developer of smart energy management (EMS) and battery storage systems (BESS), has successfully closed a US$31 million (€27 million) funding round. The round was led by Meridiam, with Invest-NL and Rabobank participating, alongside existing investors.

Learn more

East Metal has been acquired by management and private investors

Industrial Machinery & Components

East Metal has been acquired by management and private investors

The Latvia-based metalworking company East Metal has been acquired from its former Danish owner, East Metal Holding, through a management buy-out (MBO) by a group of private investors, the current owners of Valpro, in partnership with the local management team. Financing for the transaction was provided by Signet Bank.

Learn more

Quantum Base Holdings plc has completed its official admission to AIM

Industrial Machinery & Components

Quantum Base Holdings plc has completed its official admission to AIM

Quantum Base began trading on the London Stock Exchange’s AIM market under the ticker QUBE following a US$6.4 million (£4.8 million) fundraising round. The company develops Q-ID tags, a quantum-based authentication technology designed to prevent counterfeiting by leveraging atomic-level randomness. Proceeds from the listing will fund product development and commercial expansion, including new operational and commercial hires.

Learn more