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New Deal


Announced

Completed

Hanover Partners completed the acquisition of Westside Equipment Company.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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harvesting machines

pistachio harvesting

Majority

United States

Machinery: Agricultural

Private Equity

Private

Acquisition

Friendly

tomato harvesting

Completed

Single Bidder

Synopsis

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Private equity firm Hanover Partners completed the acquisition of Westside Equipment Company, which designs and manufactures tomato harvesting and pistachio harvesting equipment, as well as related aftermarket parts. Greyrock Capital Group co-invested alongside Hanover Partners and management in the acquisition of Westside. Financial terms were not disclosed. “The Westside recapitalization is highly-consistent with Hanover’s 25-year strategy of investing in niche-market leading equipment manufacturers with significant engineering value-add. In addition, this investment continues our track-record of facilitating smooth ownership and leadership transitions for family-owned and owner-operated companies,” Aaron Aiken, Hanover Partners Partner.

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