METRIKA ACQUIRES THE ENTIRE STAKE OF ALL ACCESS EQUIPMENT INC., THE U.S. LEADING DEALER OF AERIAL SPIDER LIFTS THROUGH ITS PORTFOLIO COMPANY CMC

14 February 2024

The acquisition falls into Metrika’s investment strategy along with its portfolio company CMC to create a global leading manufacturer of aerial spider lifts

Milan, 5th February 2024 – The Private Equity Metrika, led by partners Marco Giuseppini and Nicola Pietralunga, is pleased to announce the acquisition of 100% stake of All Access Equipment Inc. (“All Access“), a leading U.S. dealer in aerial lift equipment through its portfolio company CMC.

Part of Metrika’s investment strategy of increasing CMC’s commitment to boost aerial spider platforms across multiple industries and further expand the company’s footing throughout global and US markets, the acquisition will serve as a strategic investment, combining its focus on research and manufacturing with pre-established distribution operations within the United States.

Based outside of Boston, Massachusetts, and founded by the Polonski family in 2011, All Access is a recognized leader in sales, distribution and services for aerial platforms and related equipment throughout North America. In the aerial lift industry since 2003, the Polonski family’s prominent reputation and established success within the tree care industry, All Access became CMC’s partner of choice in 2011 and has grown to serve as a top supplier of CMC equipment to its wide network of dealers and customers.

In 2023, All Access recorded apx. $80 million of revenues employing more than 60 people at its Wilmington, Massachusetts, and Salem, New Hampshire facilities. With the acquisition of All Access, CMC Group intends to directly preside over the U.S. market and strengthen its consolidation process.

The Polonski family will retain management of All Access, ensuring business continuity and supporting CMC Group on its growth path.

The deal will allow CMC Group to be the undisputed leader in the spider lift market for the tree care segment aiming to reach €100 million revenues with more that 90% generated outside of Italy.

Marco Giuseppini and Nicola Pietralunga of Metrika, said: We are very happy to welcome All Access, a clear leading dealer in the U.S. market for spider lift. The acquisition of All Access by CMC Group further confirms Metrika’s industrial hands-on approach on its portfolio companies leveraging on a clear investment strategy of the Fund. This transaction will allow CMC to accelerate the consolidation of the U.S. market.”

This deal is a crucial strategic move for the CMC Group” said Alessandro Mastrogiacomo, CEO of CMC Group. “It marks a significant milestone in an ambitious industrial strategy we’ve developed together with Metrika”.

We’re extremely proud and excited about this deal, which is the result of a strong and enduring partnership between All Access and CMC,” stated Ryan Polonski, CEO of All Access Equipment. “It will bolster All Access’s competitive edge, guaranteeing its significant growth in the coming years.

CMC Group was assisted by Piero de Mattia, Alessandro Seganfreddo, Daniele Pojani and Caitlin Powell Gimpel of White & Case LLP for legal and contractual aspects; by Matteo Acerbi and Federico Amaducci of Giliberti Triscornia law firm for debt legal aspects; by Damiano Dussin and Dominique Lafontaine of PwC for accounting aspects; by Nadia Manin, and Bana Ahmed of PwC for tax aspects; by Luca Bettale, Riccardo Cremona and Matteo Croci of OC&C Strategy Consultants for the business aspects; and by Alessandro Azzolini, Niccolò Morozzi and Sebi Cosentino of PwC for the debt advisory.

The Polonski family was assisted by the law firm Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C, with a team composed by Gregory Fine and Dianna Robinson.

The transaction has been funded by a pool of banks composed by Crédit Agricole Italia (as Agent Bank), with a team composed by Gianluca Pagano, Umberto Parolini, Cristiana Senatore and Stefano Carvutto; Intesa San Paolo, with a team composed by Gianluca Vittucci, Cristian Fava and Ernesto Galileo; and Banca Monte Dei Paschi di Siena S.p.A., with a team composed by Luca Vannini and Alessandro Salvadori.

The banks have been assisted by Simmons & Simmons with a team led by the partner Davide D’Affronto and by Cettina Merlino and Francesco Burla.

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Metrika SGR S.p.A.

SGR Registered in the register pursuant to ART. 35 of the TUF at Banca d'Italia, AIF Managers Section, at number 173, on 30/07/2019


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