Borgman Capital backs St. Louis equipment distributor CMW

Borgman Capital has invested in CMW Equipment, a St. Louis, Missouri-based distributor of equipment used in concrete production and roadwork, according to PE Hub. Financial terms were not disclosed, leaving the size and structure of the transaction unspecified.

PE Hub reported that CMW serves customers across 10 states. The company was founded in 1956, giving it a long operating history in the industrial and construction equipment supply chain.

The transaction is Borgman Capital’s 21st acquisition since the firm was founded in 2017, according to PE Hub. The report did not provide details on financing, ownership percentages, management changes or any planned operational initiatives at CMW.

CMW’s business sits in a segment tied to infrastructure, commercial construction and public works activity. Distributors in this field connect equipment manufacturers with contractors and other end users, often supporting sales, parts and service needs across regional markets. PE Hub identified CMW specifically as a distributor of concrete production and roadwork equipment.

For Borgman Capital, the deal adds an industrial and manufacturing-related company to its acquisition record. The reported 21 transactions since 2017 indicate a steady pace of dealmaking, though PE Hub did not specify how many of those acquisitions remain in the firm’s portfolio or how CMW fits within any broader platform strategy.

No valuation, revenue figure, employee count or customer concentration data were included in the report. Without those figures, the financial impact of the investment cannot be assessed from the disclosed information.

This story draws on original reporting from PE Hub.