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Generational Equity Advises Balar Holding Corp. in its Sale to Industrial Truck & Equipment

By Generational Equity

09/15/2022

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce 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 leading 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.

About Generational

Generational Group, headquartered in Dallas, is a leading, award winning, full-service M&A advisory firm. With more than 350 professionals located throughout 16 offices in North America, the company helps business owners release their business’ wealth by providing growth consulting, merger, acquisition, and wealth management services. The Generational suite of advisory services includes strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A services, digital services, and wealth management.

The M&A Advisor named Generational Group Investment Banking Firm of the Year in 2016, 2017, 2018, 2022 & 2024. They also awarded us Valuation Firm of the Year and M&A Consulting Firm of the Year in 2022 and 2023. For more information, visit: https://www.generational.com.