Lay the groundwork

Sell Your Construction Equipment Dealership for Top Dollar with Curtis Lane & Murphy Business

Maximize Your Exit:

Sell Your Construction or Farm Equipment Dealership to a Growing Industry Leader

The M&A market for Construction and Farm Equipment Dealerships is booming! Driven by strong industry trends and a wave of consolidation, now is the perfect time to sell your dealership. Murphy Business & Curtis Lane Equipment have partnered to provide a seamless and lucrative exit strategy for owners like you.

Strengthening Service, Expanding Reach:
The Curtis Lane Advantage

Curtis Lane Equipment:

A Strong Buyer with Ambitious Growth Plans

Curtis Lane Equipment, ranked the #2 Bobcat® Dealer in 2023, is actively seeking acquisitions to expand its national footprint and brand portfolio. They offer:

  • Industry Leadership: Financial strength with a well-capitalized team and a proven track record of success.
  • Ambitious Vision: Aims to quintuple its revenue by strategically acquiring complementary brands like:
    • Komatsu Construction Equipment
    • Volvo Construction Equipment
    • Hyundai Construction Equipment
    • Vermeer & Ditch Witch
    • Case Construction Equipment
    • New Holland Ag Equipment
    • Other Construction & Farm Equipment Brands
  • Competitive Offers: Curtis Lane offers attractive valuations based on historical data.

Are You a Perfect Fit?

We are seeking established Construction or Farm Equipment Dealerships with:

  • Strong reputation and established presence.
  • Proven growth potential (multi-location preferred).
  • Minimum $4 million annual revenue per location.
  • Offering new, used, or rental equipment services.

There’s no Listing Agreement Required! Curtis Lane covers all commission fees, making this a risk-free opportunity for you.

Next Steps:

Contact us today! We’ll send you a free M&A Industry Report and perform a no-cost, no-obligation indicative value range for your dealership.

Equipment Rental & Dealer Sector Summary

This report details growth and consolidation trends within the Equipment Rental & Dealer sector in the United States.

Key Findings:

  • Market Size & Growth: The Equipment Rental sector is a $55+ billion industry, experiencing consistent organic growth that surpasses non-residential construction expenditures. This reflects a shift towards equipment rental over ownership.
  • Consolidation: Both Rental and Dealer sectors are experiencing consolidation. Rental companies are consolidating to achieve national or regional scale and benefit from economies of scale. Dealer consolidation is driven by factors like OEM preference for larger Dealers and a lack of interest from the next generation to continue ownership.
  • Valuation Trends: Publicly traded Rental companies have historically traded at higher valuations than Dealers due to factors like recurring revenue streams and service capabilities. However, the valuation gap is narrowing as Rental companies see higher capital expenditures and Dealers benefit from aftermarket revenue.
  • Financial Investor Challenges: Many financial investors struggle to value companies in this sector because they don’t fully consider:
    • Rental Sector:
      • Equipment financing allows for high fleet investment without impacting free cash flow.
      • Importance of differentiating between maintenance and growth CapEx.
      • Net maintenance CapEx should consider proceeds from used equipment sales.
      • Rental companies benefit from tax efficiencies and the ability to de-fleet during downturns.
      • Pro forma fleet normalization is necessary to reflect the full EBITDA potential of the current fleet.
    • Dealer Sector:
      • Floor plan financing minimizes free cash flow used for inventory.
      • Just-in-time inventory reduces risk compared to historical practices.
      • Aftermarket parts and services generate high margins and recurring revenue.
      • Embedded rental fleets can be profitable with high utilization.
      • Modest ongoing CapEx requirements.

Favorable Market Conditions:

  • The Infrastructure Investment Law is expected to generate construction projects for several years.
  • Other legislative acts like the Inflation Reduction Act will incentivize clean energy and plant upgrades, impacting the sector for 5-10 years.
  • Housing shortage, evolving commercial space demands, and infrastructure investment will support long-term construction growth.

Overall, the Equipment Rental & Dealer sector is poised for continued growth due to favorable market conditions and ongoing consolidation. Understanding the unique valuation considerations for each sector is crucial for both companies and investors.