National Equipment Dealers Acquires May Equipment, Two Other Companies

In a multi-faceted transaction that closed Jan. 5, National Equipment Dealers acquired Four Seasons Equipment, May Heavy Equipment and Earthmovers Equipment, as well as some assets of International Iron.

Michael Roth

Jan. 11, 2018

2 min read

May Equipment is acquired by National Equipment Dealers along with Four Seasons Equipment Earthmoving Equipment and some assets of International Iron — May Equipment is acquired by National Equipment Dealers, along with Four Seasons Equipment, Earthmoving Equipment, and some assets of International Iron.

NED, a newly formed entity, is expanding in what is recognized as three of the fastest-growing economic areas in the United States: Texas (the Houston and Dallas areas); the Carolinas (Raleigh, Lexington, Charlotte, Columbia, Greenville/Spartanburg, Charleston) and Florida (Orlando area).

Financing for the merger and ongoing operations was supplied by a syndication of four banks led by BOK Financial, and including Fifth Third Bank, Bank of the West and First Tennessee Bank.

Mitch Nevins, CEO of NED, and Kerry Vickar, chairman, said that employees of each company are expected to continue their respective jobs in the same manner and that no operational changes will be made upon bringing these businesses together. They believe collective success will be realized by all employees working together, sharing best business practices and equipment fleets, and benefitting from the synergies of a larger company footprint.

Collectively NED represents 10 major manufacturers across a three-state territory. The company expects to grow in size, both in terms of number of locations and employees as well as by geographic diversification.

May Heavy Equipment, based in Lexington, N.C., is No. 93 on the RER 100. Four Seasons Equipment, founded in 2001, has four locations in Texas and Louisiana. The acquired companies all specialize in heavy equipment sales and rental.

About the Author

Michael Roth

Editor

Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.