Industry Update: Construction Machinery & Equipment
VRC is proud to release its latest industry report. The report provides a concise, insightful update on the Construction Machinery & Equipment industry including recent transactions, market multiples, company performance and purchase price allocation percentages.
- On January 31, 2023, Right Lane Industries announced that it entered into a purchase agreement to acquire London Machinery, Inc. and the Rear Discharge Mixer business of McNeilus Truck and Manufacturing, Inc. from Oshkosh Corporation. The acquisition, which is expected to close near the end of February, includes all rear discharge concrete mixer operations of the seller, including the iconic Bridgemaster brand.
- On November 11, 2022, Cummins Inc. announced the acquisition of Exergy Energy, LLC, a software and asset management firm that installs, owns and operates backup generator sets sized to power 100% of a facilities’ load during times of power outages and peak utility usage.
Past Industry Updates
Construction Machinery & Equipment: November 2022
Construction Machinery & Equipment: August 2022