Merit Investment Bank & Co., a leading middle market investment bank, is honored to have served as adviser to Powerscreen of Washington in its sale to Molson Group, further expanding the group’s presence in the United States.
The UK equipment dealer Molson Group acquired Powerscreen of Washington (PSWA) last month after successfully entering the US market through its acquisition of Powerscreen of California and Hawaii.
PSWA has been in operation for 30 years, serving Washington, Oregon, Idaho, and Montana as the regional equipment dealer for brands such as Terex, CBI, and Telestack. Providing screening, crushing, and washing equipment, along with rental and repair services, PSWA will continue to be a leading force in the Northwest infrastructure, mining, heavy civil and waste recycling industries.
Nick DeVaney, president of Merit Investment Bank & Co., commented, “I couldn’t be happier for the PSWA guys and what the future holds for them going forward. Throughout multiple years of external pressures including COVID, domestic and global economic impacts, and recessionary environments, they continued to prove their resilience and their worth and that was recognized on the international stage.”
The success of Molson Group’s acquisitions has provided it with a solid platform for future expansion in North America and within the U.S. equipment industry. PSWA will play an integral role as a cornerstone piece to the North American operation for years to come.
Merit Investment Bank leveraged its intimate and in-depth knowledge of, and relationship with, PSWA to shepherd the months long process with Molson Group, highlighting PSWA’s fit, network, growth focus and position within the industry. By conducting careful negotiations and effective deal management and ensuring a smooth process, Merit Investment Bank was able to navigate the complexities of the cross-border acquisition to create a successful outcome for PSWA.
About Powerscreen of Washington
Powerscreen of Washington Inc. is the authorized dealer for multiple equipment lines including Powerscreen, Telestack, MGL, Terex Environmental, Terex Wash Systems, CBI, and Komptech. For over 30 years, PSWA has been a distributor for the world leaders in the design and manufacturing of dry screening, washing, crushing, and recycling equipment. The equipment targets the quarry, mining, landfill, and waste management industries.
About Molson Group
Molson Group is the UK’s largest independent new and used equipment dealer. With a customer focused approach, Molson Group provides clients of all sizes a single source supply option of market leading products, backed up by a team that cares about its clients’ businesses.
About Merit Investment Bank & Co.
Merit Investment Bank is a leading boutique investment bank focused on serving middle-market, technology-forward companies. Merit Investment Bank executes sell-side M&A, buy-side M&A and capital advisory services with specific emphasis on the technology, software, tech-enabled, consumer, telecom/wireless and manufacturing/Industry 4.0 sectors. In addition, Merit Investment Bank offers other investment banking services such as debt and equity capital raises, restructuring advisory services, business valuations and project financing. Merit Investment Bank Securities, member FINRA/SIPC, is a full-service broker-dealer licensed in 50 states.