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Wheeler Machinery Co. completes acquisition of Diamond Equipment & Tool Rental to expand its Cat Rental Store division

Aug 19, 2024•over 1 year ago

Acquiring Company

Wheeler Machinery

Acquired Company

Diamond Equipment & Tool Rental

Salt Lake CitySalt Lake CityManufacturingRentalReal Estate

Description

Wheeler Machinery Co. has strategically acquired Diamond Equipment & Tool Rental, significantly expanding Wheeler’s Cat Rental Store division with an enlarged footprint and an enhanced product offering. This acquisition reaffirms Wheeler’s position as a one-stop shop for all equipment rental needs in Utah and broadens its reach and product portfolio.

Company Information

Company

Wheeler Machinery

Location

Salt Lake City, Utah, United States

About

Wheeler Machinery Co. is Utah’s Cat dealer, serving the state since 1951. Its Cat Rental Store locations specialize in daily, weekly, and monthly equipment rentals, from earthmoving machines and attachments to aerial equipment and jackhammers. Wheeler’s mission is to support those who build our world.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed