Borgman Capital acquired CMW Equipment on July 15, 2026, to support the next phase of growth for the construction equipment distributor. The private equity firm will partner with CMW's management team to expand service offerings and enter new markets.
| Acquirer | Borgman Capital (United States) |
|---|---|
| Target | CMW Equipment (US) |
| Deal Value | Undisclosed |
| Type of Deal | Acquisition |
| Close Date | July 15, 2026 |
| Announcement Date | July 15, 2026 |
| Buy-side Financial Advisors | Sequoia Mergers & Acquisitions |
| Sell-side Financial Advisors | Not disclosed |
| Legal Advisors Buy-Side | Reinhart Boerner Van Deuren |
| Legal Advisors Sell-Side | Not disclosed |
Borgman Capital, a private equity firm focused on lower middle market businesses and real estate with untapped potential, announced its acquisition of CMW Equipment. Founded in 1956, CMW Equipment is a leading distributor of construction, aggregate, environmental, and material processing equipment.
Deal Mechanics
The deal was facilitated by Sequoia Mergers & Acquisitions as the buy-side financial advisor to Borgman Capital. The legal counsel for Borgman Capital in this acquisition was Reinhart Boerner Van Deuren. Terms of the transaction, including the purchase price, were not disclosed.
Strategic Rationale
Borgman Capital's investment aims to support CMW Equipment’s next phase of growth through expanded service offerings and entry into new markets. Sequoya Borgman, founder and CEO of Borgman Capital, highlighted the firm's appreciation for CMW's strong business model, knowledgeable team, and long-standing reputation in the industry.
Financial Context
Borgman Capital has a track record of investing in businesses that operate equipment distribution, dealer networks, and rental-based models. This acquisition marks Borgman Capital's 21st deal since its founding in 2017. CMW Equipment serves customers across ten states from its headquarters near St. Louis, Missouri.
Outlook
With the support of Borgman Capital and continued involvement from long-tenured management at CMW, the company is set to continue growing while maintaining a high standard of service and preserving customer relationships that have made it successful over decades. The deal represents a strategic partnership aimed at supporting sustainable growth in the construction equipment distribution sector.