MH Equipment Company to acquire Mid-Iowa Solid Waste Co. Inc.

November 06, 2023

MH Equipment Company recently completed an agreement to acquire the Johnston, Iowa-based Mid-Iowa Solid Waste Co. Inc., which sells and services environmental equipment to municipal, contractor, and business customers across Iowa and Nebraska.

MH Equipment Company recently completed an agreement to acquire the Johnston, Iowa based Mid-Iowa Solid Waste Co. Inc., which sells and services environmental equipment to municipal, contractor, and business customers across Iowa and Nebraska. BCC Advisers, an investment banking firm in Des Moines, IA, advised MH Equipment Company on this transaction.

The products that are represented by Mid-Iowa include industrial sewer cleaning and inspection equipment, street sweepers, refuse collection vehicles, waste compactors as well as balers and conveyors used in the recycling industry. The company opened in 1975 and has grown steadily to reach $10 million in annual sales in 2022.

According to MH Equipment’s CEO John Wieland, “We’re delighted to welcome an established, complementary business that demonstrates the value of exceptional local service and support. They’re truly experts in their field and we expect them to flourish as part of MH Equipment.” Jeff Firestone, President of Mid-Iowa Solid Waste added, “MH Equipment offers Mid-Iowa the opportunity to continue to expand our customer service capabilities while allowing our staff to embrace the vision, mission, and values that MH is known for throughout their industries. The culture and leadership of MH Equipment is a perfect fit, and our employees, customers, and vendors will continue to enjoy the benefits of this far into the future.” Jeff will remain with the company and continue to lead the operations as a separate business unit.

Mid-Iowa’s staff of 15 people became employees of MH Equipment Company on October 1. This wholly owned subsidiary will continue normal operations as Mid-Iowa Solid Waste Equipment Company out of their same location, 5105 N.W. Beaver Drive in Johnston.

About MH Equipment
MH Equipment (MH) began in Peoria, Illinois in 1952 as a small forklift dealership with approximately 50 employees. MH remains passionate about treating all people, whether they be customers, employees, or suppliers, with honor and respect. This mentality and ethical leadership have helped MH become one of the largest and fastest-growing full-service material handling equipment and service providers in the United States. MH is now comprised of multiple dealerships, over 1100 employees, and 33 servicing locations throughout Missouri, Illinois, Indiana, Iowa, Kentucky, Nebraska, South Dakota, Ohio, Pennsylvania, and West Virginia. “We trust as a company we will always remain mindful of our humble beginnings, grateful for our success, and hungry for our next horizon,” stated current CEO, John Wieland. Learn more about MH and the material handling industry by visiting mhequipment.com.

About BCC Advisers
BCC Advisers provides merger & acquisition, business valuation, and litigation support services to middle-market companies in the Midwest and across the country. Commercial and agricultural real estate appraisal services are provided by BCC’s real estate division, Iowa Appraisal. For more information about BCC Advisers, please visit www.bccadvisers.com.

For Inquiries:
Steve Jacobs, President
BCC Advisers
1707 High Street
Des Moines, IA 50309
steve@bccadvisers.com
515.777.7077