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Announced

Able Machinery Movers to acquire Diamond E Rigging.

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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Majority

Single Bidder

Machinery: Industrial

Private

Friendly

heavy equipment

Domestic

United States

Acquisition

Pending

Synopsis

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Able Machinery Movers, a heavy machinery-moving and rigging company, agreed to acquire Diamond E Rigging, a family-owned rigging and heavy equipment relocation business. Financial terms were not disclosed. “Diamond E is a family-owned company and a trusted partner to a substantial customer base – a perfect extension of the Able way of doing business. We look forward to continuing to provide outstanding service to Diamond E’s existing customers and to offering our combined capabilities to even more businesses in the Austin and San Antonio area,” David Krieger, Able’s President.

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