LB Advisors Acquires Groff Tractor Mid Atlantic

LB Advisors, LLC, a Los Angeles-based private equity firm specialising in recapitalisations, special situations, and middle market acquisitions, has acquired Groff Tractor Mid Atlantic, LLC (GTMA) through a Section 363 bankruptcy sale process administered in the Northern District of Texas. GTMA was previously a portfolio company of Prophet Equity, a Southlake, Texas-based private equity firm.

Headquartered in Essex, Maryland, GTMA is a leading CASE Construction equipment dealer offering a complementary range of brands and products across sales, rentals, parts, and service. The company operates eight branches across Maryland, Delaware, New Jersey, and Pennsylvania, serving a diverse customer base across infrastructure and utility, grounds maintenance, and commercial and industrial construction end markets throughout the Mid-Atlantic region.

The transaction preserved GTMA as a going concern, securing continuity of operations and employment for the company’s workforce. LB Advisors’ acquisition provides GTMA with a stable ownership platform to build on its established market position across the Mid-Atlantic construction equipment market.

TM Capital, a division of Capstone Partners – IMAP USA, acted as exclusive financial advisor to Groff Tractor Mid Atlantic on the transaction.