Merit Management Group has acquired Clive Power Equipment, Iowa's largest dealership for Toro, Exmark, and Stihl, aiming to enhance its portfolio in the thriving power equipment sector.
Target Company Overview
Clive Power Equipment, based in Clive, Iowa, is the largest dealership for Toro, Exmark, and Stihl products in the state. With a robust history spanning over 40 years, the company has established a strong foothold in the market by offering a wide range of power equipment brands, parts, and exceptional service to customers in Iowa.
Founded by brothers John and Chuck Agans in 1996, Clive Power Equipment has cultivated a dedicated client base, serving both residential and commercial sectors. The company specializes in lawn care, snow removal, tree care, and construction equipment, operating from a prime location on University Avenue in Clive. Additionally, it boasts a skilled service department, ensuring customers have access to experienced technicians and a comprehensive inventory of parts from leading power equipment brands.
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Industry Overview in Iowa
The power equipment industry in Iowa is characterized by a growing demand for reliable lawn care and landscaping solutions, driven by an increasing emphasis on outdoor
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Merit Management Group
invested in
Clive Power Equipment
in 2023
in a Management Buyout / Buy-In (MBO) deal