NED (National Equipment Dealers) has expanded into the US state of Georgia through the acquisition of heavy equipment dealership Grove River Machinery.
Dale Richbourg, former sales manager at Grove, says: “Our merger withNEDwill provide us the means to grow ourHyundaimarket share way beyond our past capabilities.”
NED says Grove will become its fourteenth location and its first branch located in Georgia. The branch will continue to represent Hyundai Construction Equipment but will expand its offering to include Bell articulated dump trucks, along with other products, which will be added in the future.
The new location in Savannah will be re-named NED, LLC.
Will Blackerby, vice president of fleet for NED, LLC, says: “The Grove River acquisition continues NED’s track record of successfully building scale, filling in geographic gaps, and expanding reach through attractively valued and financed M&A.”
NED, LLC, CEO Mitch Nevins says: “As fellow Hyundai dealers, we have known the Richbourg family and Grove River Machinery for many years. The timing is right, and we are excited to bring them into the NED family. We look forward to investing time and resources in Georgia to expand our customer base with Hyundai, Bell Trucks, and other products.”
