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NED acquires Georgia’s Grove River Machinery

By |  October 22, 2021

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Grove River Machinery, located in Richmond Hill, Georgia, is now a National Equipment Dealers (NED) company.

NED finalized the acquisition of Grove River Machinery, which will expand the NED organization into Georgia.

“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.”

About Grover River

According to NED, Ken Richbourg established Grove River 20 years ago, primarily as a heavy equipment leasing and financing company that was originally known as Grove River Leasing. Over the years, the company changed its name to Grove River Machinery as it transitioned from an equipment financing business to a more traditional heavy equipment dealership.

“Building strong relationships and investing in our customers has always been our key to success over the years,” Richbourg says. “Our founder, Ken Richbourg always believed in partnering with our customers and helping them grow.”

Grove River Machinery represented the Hyundai product line in the greater Savannah, Georgia, area for the last 14 years, NED says.

Merger and name change

Grove River Machinery will become NED’s 14th location and the first in Georgia. The branch will continue to represent Hyundai Construction Equipment, NED says, but will expand its offering to include Bell articulated dump trucks, as well as other products in the future.

“The Grove River acquisition continues NED’s track record of successfully building scale, filling in geographic gaps and expanding reach through attractively valued and financed M&A,” says Will Blackerby, vice president of fleet for NED.

The new location in Savannah will be renamed NED in accordance with NED’s companywide rebranding strategy.

“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.”

Kevin Yanik

About the Author:

Kevin Yanik is the editor-in-chief of Pit & Quarry magazine. Yanik can be reached at 216-706-3724 or kyanik@northcoastmedia.net.

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