CMC acquires All Access Equipment to target the US and beyond

CMC has completed the acquisition of 100% of All Access Equipment Inc. (AAE), its US dealer.

CMC - a specialist in the construction of tracked aerial platforms founded by Michele Moretti and Carlo Mastrogiacomo in 1992 - is a leading designer and manufacturer of high-technology tracked aerial platforms. CMC has a world-leading position among manufacturers with a wide and evolved range and a particular focus on the mast care sector in the US market.

The company based in Bari has completed the acquisition of 100% of All Access Equipment Inc. (AAE), its US dealer. This strategic move was spearheaded by private equity fund Metrika, which acquired a 70% stake in CMC in October 2023. The deal’s goal was further to consolidate CMC's presence in the US market so as to aim for sales of €100 million by 2024, with more than 90 percent of the business achieved overseas. All Access Equipment, headquartered in Boston, Massachusetts, was founded in 2011 by the Polonski family and is a leading provider of sales, distribution, and services for aerial platforms and related equipment throughout North America. In 2023, it reported revenues of approximately $80 million, employing more than 60 people at its facilities in Wilmington, Massachusetts, and Salem, New Hampshire. The Polonski family will retain management of the company, ensuring continuity and support for CMC as it grows.

Alessandro Mastrogiacomo, CEO of CMC, clarifies the strategic importance of this move, describing it as a milestone in the company's growth path: "This transaction testifies to CMC's confidence and ambition in pursuing its industrial strategy, supported by its strong partnership with Metrika. This acquisition represents a significant step for CMC in consolidating its leadership in the lifting industry, with a particular focus on the US market,", Metrika's Marco Giuseppini and Nicola Pietralunga report, emphasizing the importance of this transaction in accelerating the US market consolidation process for CMC.

The acquisition, finalized in late January, will allow CMC to preside over and consolidate the US market given AAE's widespread presence in the US through direct offices and dealers. The tree-care market - which in the US represents an important share of users - has been growing for several years and CMC's aerial platforms represent an ideal equipment for versatility and reliability in this important segment. The Italian company's position is strengthened with this initiative for direct control of the business in the US, but with a view to CMC working on strengthening the brand in a market that represents an important share of its revenues.