Heavy Equipment

Heavy equipment and trucking companies have significant opportunity thanks to emerging infrastructure projects, the transaction environment, and more.

Businesses, however, can face unique economic and operational challenges before pursuing them due to complex compliance and state and local tax requirements, ever-changing demands for infrastructure projects, original equipment manufacturer (OEM) supply chain issues, and other industry-specific concerns. And these hurdles can be exacerbated based on the various sectors—agriculture, construction, government services, and more—to which they’re directly linked.

Explore how our industry-smart advisory solutions can help your business stay ahead of change and focus on what matters most: supporting projects and growing your business.

Additional Key Focus Areas

• Offset Rental Fleet Costs. Renting and managing large fleets brings significant demands. We can help you evaluate and identify strategic practices for your operations as well as evaluate opportunities to improve your cash flow and net tax rates by implementing tax strategies for new and used inventories.
• Enhance Systems and Operations. Identify missed opportunities or weaknesses in your dealer management system (DMS) with thorough exception reports from your system.
• Manage New Building Projects. Developing or building new dealerships or fleet locations brings complexities—managing change orders, contract budgets, internal controls—that can drive construction costs and derail timelines. Keep your projects on track and leverage savings opportunities with strategic assessments of pre-contract parameters to outline costs and expectations prior to construction start-dates, as well as prepare management practices for change orders should they arise. Leveraging dashboards and other technologies can also enhance project management effectiveness with real-time data across construction sites. Additionally, you may be able to mitigate building construction costs through cost segregation studies that help defer federal and state income taxes.

From family operations to billion-dollar companies and beyond, we serve clients from every facet of the industry including dealerships, rental fleets, and owners in these sectors:

• Heavy equipment
• Heavy truck
• Agriculture
• Construction and mining
• Energy
• OEMs and manufacturers
• Parts and service

Deeply immersed within the heavy equipment industry, our professionals have extensive knowledge of the nuanced operations of these businesses as well as the sectors they serve including construction, agribusiness, and government services.

Our collaborative approach takes the time to understand your organization’s structure, ownership, strategic plans and ongoing banking matters. Learning about the specifics of your business needs helps us strategically explore untapped potential and new, unique solutions focused on your success and growth.

We advise clients at all intervals of development—from start-up, growth and expansion, to transition and transaction. Our professionals personally engage your business while delivering the depth of resources needed for large enterprises or those scaling up and pursuing growth opportunities.

We have significant experience navigating sensitive, complex environments and situations family-owned businesses often face where personal and business goals and challenges are intricately tied. Additionally, our one-firm approach allows your organization to tap into the full resources of our firm, integrating guidance and solutions related to other integral support areas.