Prospect Partners has sold Owen Equipment to CenterGate Capital
Lincoln International acted as the exclusive investment banking representative for Owen and Prospect, working closely with the company’s management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction. The terms of the transaction were not disclosed.
Headquartered in Portland, Oregon, Owen Equipment Company is a leading equipment dealer of new and pre-owned high-performance industrial environmental equipment used for street cleaning, waste management, sewer maintenance and hydro-excavation. Owen serves municipal, governmental, industrial and commercial customers in six Western states, offering industry-leading brands including Vactor®, HXX®, Elgin®, Heil®, Rigid®, Cues® and Sonetics®. Additionally, Owen performs equipment service and maintenance for its customers at its four branch locations.
Brett Holcomb, a Principal of Prospect Partners, commented, “The Lincoln team did an excellent job articulating Owen’s unique dealer and rental company business model and growth story. Their expertise in the specialty vehicles sector, combined with strong senior banker commitment throughout the process, resulted in an exceptional outcome for the company and its shareholders.”
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