JMC Investment Purchases Majority Interest in Amerequip
JMC Investment Purchases a Majority Interest in Amerequip
New York, NY (September 1, 2022) - JMC Investment LLC (JMC), a single family office, is pleased to announce it has purchased a majority interest in Amerequip LLC.
Amerequip designs, engineers, manufactures and assembles complex mechanical finished systems, attachments and power unit products for its global OEM customers. With over 100 years of history, Amerequip has evolved from a single product focus to a diversified engineering partner that serves heavy equipment markets including small agriculture, construction, snow removal and refuse industries. Premium OEM customers rely on Amerequip’s expertise to quickly expand or update existing product lines, enter new markets, and deliver industry leading quality products to the US and abroad.
Amerequip’s management team, led by CEO Mike Vander Zanden, will continue to lead the business and retain an ownership stake in the company along side JMC. Mr. Vander Zanden commented, “I am thrilled to have JMC as our new long-term partner because we share the same values to serve our customers, employees, and community. JMC and Amerequip are aligned in our focused vision to build upon our current customer base while investing to support future growth and additional capabilities. We have exciting plans; and JMC’s manufacturing know how, operational expertise, and network will help us to achieve them.”
Mr. Jean-Marie Painvin, Founder & CEO of JMC said, “Mike and his team have built an exceptional business that is uniquely positioned to respond to their customers’ growing need for a partner that combines engineering and manufacturing. Mike is exactly the type of partner we like to work with. His dedication to the business over the last 30+ years is evident, and we are excited to work alongside him to execute the next phase of growth for Amerequip. Amerequip’s product engineering expertise, outstanding customer service and unique combination of design, engineering and manufacturing capabilities can be leveraged to create significant organic growth not only within key existing customers, but also new industries, products and geographies.”
About JMC Investment LLC
JMC Investment LLC is a New York, NY based single family office focused on partnering and investing in lower middle market privately owned growth companies. JMC partners with talented management teams and combines an engaged partnership approach with a long-term investment outlook to drive value creation. JMC has extensive experience in the manufacturing sector, transatlantic transactions and advising management teams. For more information, please visit www.jmc-investment.net.
About Amerequip Corporation
Amerequip Corporation is a tier 1 engineered systems and complete products manufacturer for industrial OEMs. Amerequip combines a full service offering of design, engineering, manufacturing and assembly capabilities to be a turn key partner for OEMs. Customers rely on Amerequip’s technical expertise when they are looking to expand their product lines and markets. Amerequip is headquartered in Kiel Wisconsin and has over 370 employees in three locations. For more information, please visit www.amerequip.com.