We are pleased to share the sale of our client, King Machine, Inc., to C.G. Machinery, LLC. The transaction closed September 20, 2022.
Located in Meridian, Idaho, King Machine (King) is the largest machine tool and machining robotics distributor in Idaho and Montana with the most comprehensive support in the territory, and since 1999 has earned the highest market share award within the Haas Automation dealer network.
King’s wholly-owned division Eclipse Tool & Supply, Inc., provides consumable tools and accessories to the metal cutting industry and has seen double-digit growth since its inception in 2017. Additionally, King has in-market service techs, something that no competitor in its market can match.
C.G. Machinery, LLC (CGM), located in Dayton, Ohio, has built best-in-class solutions around the industry’s finest machine tools and accessories. CGM provides access to hundreds of qualified technicians and engineers with automation systems and controls expertise to meet the entire spectrum of manufacturing and automation needs. CGM is committed to ensuring the success of its customers by providing installation, training, maintenance, replacement parts, and unmatched technical support.
Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham, and his team, led by Managing Director - M&A, Chad Comroe, closed the transaction. Senior Managing Director DeWayne Nelon established the original relationship with King.
“King Machine is a natural fit into the CGM distribution lines," said Comroe. "I am delighted that we were able to be a part of making their transaction a success."
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Industrials M&A Deals page.
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