Photo courtesy NED
National Equipment Dealers (NED), Lexington, North Carolina, has finalized the acquisition of Grove River Machinery, an equipment dealership based in Richmond Hill, Georgia. The acquisition will expand the NED organization into Georgia, where the company says it plans to grow more in the future.
“With this merger, Grove River Machinery is turning a new, exciting chapter in our 20-year history,” says Dale Richbourg, former sales manager at Grove River Machinery. “Our merger with NED will provide us the means to grow our Hyundai market share way beyond our past capabilities."
According to a news release from NED, Grove River Machinery represented the Hyundai product line for the last 14 years.
NED now has 14 locations with its latest acquisition. The growth plan for the NED Savannah branch will include a broader product offering. The branch will continue to sell Hyundai Construction Equipment and will expand its offering to include Bell articulated dump trucks, along with other products, which will be added in the future.
“As fellow Hyundai dealers, we have known the Richbourg family and Grove River Machinery for many years,” says Mitch Nevins, CEO of NED The timing is right, and we are excited to bring them into the NED family. We look forward to investing time and resources in Georgia to expand our customer base with Hyundai, Bell Trucks and other products.”
The new location in Savannah will be renamed NED, per NED’s current companywide rebranding strategy.