- TM Capital served as exclusive financial advisor to Groff Tractor Mid Atlantic, LLC (“GTMA”), a portfolio company of Prophet Equity, in its sale to LB Advisors, LLC (“LB Advisors”) pursuant to a Section 363 bankruptcy sale process
- Headquartered in Essex, Maryland, GTMA is a leading CASE Construction equipment dealer with a broader offering of complementary brands and products, providing a one-stop solution for sales, rentals, parts and service. GTMA serves customers via eight branches across Maryland, Delaware, New Jersey and Pennsylvania to address demand throughout the large, attractive and growing Mid-Atlantic market
- GTMA caters to a diverse base of customers across resilient end markets including Infrastructure & Utility, Grounds Maintenance and Commercial & Industrial Construction
- LB Advisors is a Los Angeles based private equity firm that invests in recapitalizations, special situations and acquisitions of middle-market companies
- Prophet Equity is a Southlake, TX based private equity firm that invests across a variety of industry verticals and targets strategically viable, asset-intensive, underperforming companies
- The case was administered in the Northern District of Texas and operated under the “Procedures for Complex Cases.” TM Capital leveraged its deep industry and special situation expertise to drive a going-concern outcome most beneficial to the employees of GTMA and the myriad other stakeholders
- TM Capital is a market leader in the equipment rental and dealer sectors, having completed 22 transactions since January 2021 with an aggregate value of over $3.3 billion while publishing authoritative industry research
Client Testimonial
We have partnered many times now with TM Capital across our portfolio, and in this instance, we greatly appreciated TM’s extensive equipment dealer experience; the depth of their relevant buyer and lender relationships; their insights and advice; and very importantly … their willingness to roll-up their sleeves and provide substantial resourcing to our management team. They delivered on their promise from beginning to end.*– Charles Collie, Managing Director, Prophet Equity
*Client testimonials may not be representative of the experience of other clients and are no guarantee of future performance or success.
