Generational Equity, a mergers and acquisitions advisor for privately held businesses, announces the sale of its client, Balar Holding Corp. (dba Balar Equipment) to Industrial Truck & Equipment, LLC. The transaction closed September 1, 2022. Located in Phoenix, Arizona, Balar Equipment (Balar) is a dealer of refuse truck bodies, hydraulic tools, and customized truck bodies used for street, water, and sewer maintenance in the State of Arizona. The Company sells a variety of customized equipment solutions as well as standard product lines of the manufacturers that Balar represents, which include Heil, Vac-Con, Schwarze, PB, Wachs, and Stanley, among others. The majority of revenue is generated from the sale of equipment.
Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham and his team, led by Senior M&A Advisor, Jerry Glover, with the support of Vice President – Western Region, Bo Zhao, closed the transaction. Senior Managing Director, Doug Morrow established the initial relationship with Balar. “It was a real pleasure working with the Balar leadership team. Their outstanding industry knowledge, professionalism and flexibility were very welcome,” said Glover.