Borgman Capital lands 21st deal with CMW Equipment stake
What's the deal? Borgman CapitalDealroom has a profile for this one. Try Dealroom → has acquired a majority stake in CMW EquipmentDealroom has a profile for this one. Try Dealroom →, a Bridgeton, Missouri-based distributor of concrete production and roadwork equipment. The Milwaukee firm will partner with CMW's management team to fund the next phase of growth. Terms were not disclosed.
Who's involved? Founded in 1956, CMW sells new and used equipment, parts, and rentals, and offers project design and on-call service across 10 states. President Larry Glynn, who joined in 1977 and later became an owner, keeps his title, and former owners remain involved.
Why now? "Finding the right successor was extremely important to me," Glynn says of the deal, which caps his nearly five decades at the company.
What's the endgame? Borgman plans to grow CMW through expanded service offerings and entry into new markets. The firm has prior experience with equipment distribution, dealer network, and rental-based businesses, including Durex ProductsDealroom has a profile for this one. Try Dealroom →, Halo, and Aerial Work Platforms.
Founder and chief executive officer Sequoya Borgman said CMW stood out for its "strong business model, a knowledgeable team and a reputation built over decades of serving customers well." He added that the firm aims to preserve "the culture and customer relationships that have made CMW successful."
The details: The transaction is Borgman Capital's 21st acquisition since its 2017 founding. Bank of CMG provided senior financing, Reinhart Boerner Van Deuren served as legal counsel to Borgman, and True North Mergers & Acquisitions advised CMW.
The signal: The deal reflects steady private capital consolidation across the fragmented construction equipment sector, where firms like Borgman are rolling up regional distributors and rental operators to build scale.
Read more: Concrete Products
Image credit: Generated with Gemini
