Capstone Partners advised Groff Tractor Mid-Atlantic—a leading CASE® Construction equipment dealer with a broader offering of complementary brands and products—on its sale to LB Advisors LLC (LB Advisors) pursuant to a Section 363 bankruptcy sale process. The transaction closed in February 2026, and terms of the deal were not disclosed.
Headquartered in Essex, Maryland, GTMA provides a one-stop solution for industrial equipment sales, rentals, parts, and service. A portfolio company of Prophet Equity—a Southlake, Texas-based private equity firm that invests across a variety of industry verticals and targets strategically viable, asset-intensive, underperforming companies—GTMA serves customers through eight branches across Maryland, Delaware, New Jersey, and Pennsylvania, addressing demand throughout the large, attractive, and growing Mid-Atlantic market.
GTMA, now recognized as Core Equipment Group (CORE), serves a diverse customer base across resilient end markets, including Infrastructure & Utility, Grounds Maintenance, and Commercial & Industrial Construction. For more information, visit here.
We have partnered many times now with [Capstone Partners] across our portfolio, and in this instance, we greatly appreciated [Capstone’s] extensive equipment dealer experience; the depth of their relevant buyer and lender relationships; their insights and advice; and very importantly … their willingness to roll up their sleeves and provide substantial resourcing to our management team. They delivered on their promise from beginning to end.
The case was administered in the Northern District of Texas and operated under the “Procedures for Complex Cases.”
Capstone Partners leveraged its deep industry and special situations knowledge to drive a going-concern outcome that was beneficial to GTMA’s employees and many other stakeholders.
LB Advisors is a Los Angeles-based private equity firm that invests in recapitalization, special situations, and acquisitions of middle-market companies. Leveraging its experience and relationships, LB Advisors will help support the company’s future growth. For more information on LB Advisors, view here.
Capstone’s Financial Advisory Services (FAS) Team has an extensive array of advisory services that support the full business lifecycle and help owners, operators, and investors preserve, create, and accelerate value. The FAS team provides financial advisory, restructuring, operational turnaround, disputes consulting, valuation, and financial diligence services at every stage of a middle-market company’s life cycle. The FAS team provides tailored corporate financial advisory for companies, investors, and creditors across a broad range of industries. To learn more about this engagement, or how we can help your business grow and thrive, please contact our FAS team.
