Industrials | Mergers & Acquisitions, Sponsor Related

Grand Equipment has been Acquired by Cognitive Capital Partners

  • TM Capital served as exclusive financial advisor to Grand Equipment Company LLC in its sale 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 the Company’s market-leading OEM brands, customer-first approach and complementary sales, rental, service and parts offering
  • Cognitive Capital Partners is Chicago-based private equity investment firm with a flexible investment horizon, allowing it to invest for two years or 20 years, 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
  • TM Capital is a market leader in the equipment rental/dealer space having completed multiple transactions and published authoritative research on the industry

Client Testimonial

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 & CEO of Grand Equipment