Cagkan | stock.adobe.com
Stellar Industries, Garner, Iowa, has entered into a definitive agreement to acquire Elliott Equipment Co., an Omaha, Nebraska-based manufacturer of truck-mounted aerial work platforms, digger derricks and cranes serving the utility infrastructure, municipal, construction and sign-and-lighting markets.
Stellar, an employee-owned and -operated manufacturer of mechanic and service trucks, cranes, tire service trucks, hooklifts, trailers and service truck accessories, says this acquisition strengthens its long-term growth strategy by expanding its lifting equipment and work-at-height solutions, widening its presence across core vocational markets and creating additional opportunities for distributors, customers and employee-owners.
RELATED: Stellar acquires Elliott Machine Works
“Stellar has always pursued growth opportunities that align with our culture, vision and commitment to excellence,” Stellar President Dave Zrostlik says. “The addition of Elliott Equipment Co. represents an exciting step forward as we continue to build upon our shared values of quality, innovation and customer service. We’re proud to welcome Elliott to the Stellar team.”
Following the transaction, Elliott Equipment Co. will operate as a distinct business unit of Stellar, maintaining its current employees, facilities, brand identity and dealer relationships in Omaha, Nebraska. Elliott Equipment Co. President Jim Glazer will continue to lead the organization.
“We are thrilled to continue the Elliott Equipment Co. story with Stellar,” Glazer says. “This acquisition represents a strong cultural fit between two organizations that share a commitment to people, product integrity and long-term growth.”
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