SF Client May Heavy Equipment Closes Equity Recapitalization

 May Heavy-Equip Rental & Sales is pleased to announce the recapitalization of May Heavy Equipment, LLC (“May-Heavy” or the “Company”) by VSTH Capital, LLC (“VSTH Capital”).

The transaction closed July 23, 2013 and financial terms were not disclosed.  The transaction with VSTH Capital, a Charlotte, NC-based merchant bank, provides significant equity capital to support May Heavy’s growth and fleet rejuvenation strategy. Scale Finance has provided finance and transaction advisory support for May-Heavy since 2009.

“The announcement of this partnership and recapitalization with VSTH Capital represents a key milestone in our ongoing efforts to become the premier heavy equipment rental and sales company in the Southeast” said May Heavy President Jacob May. “It will allow us to move faster, evaluate larger opportunities, and provide more certainty of long term success, while greatly improving our balance sheet as we prepare for significant growth.”

VSTH Capital President Kerry Vickar added, “We are impressed with May Heavy’s reputation in the industry and their steadfast commitment to building what will be the newest and best rental fleet in its geography over the next 12 to 18 months. We are pleased that May Heavy will be our partner and we will provide additional leadership and capital to assist the Company in executing its growth plan organically and through acquisitions.  We think this transaction combines great capabilities at both of the firms.”

About May Heavy-Equip Rental & Sales

Founded in 1997 by Bert and Jacob May, May Heavy has grown throughout the Southeast as a reliable source for heavy equipment rentals, sales and service. May Heavy services Virginia, North Carolina, South Carolina, and Georgia, and sells its used equipment worldwide.  With over 45 years of industry experience between them, the Mays are dedicated to providing customers with quality heavy equipment, excellent service and competitive pricing. Given its expansive inventory and industry-leading service, May Heavy has quickly become the #1 source for heavy equipment in the Southeast.

May Heavy currently stocks over 150 machines consisting of every type of “earth moving” equipment imaginable.  Its vast inventory includes a variety of specialty machines such as long reach excavators, hydraulic rock hammers, water trucks, and many types of compaction equipment. May Heavy is an authorized Hyundai, Kawasaki, Sakai and Terex dealer and carries a full line of their equipment and parts and performs service and warranty work.

May Heavy’s service capabilities include major engine repair, rebuilding components such as final drives and transmissions, and track repair, such as removal and installation of undercarriages, pin/bushing replacement, turning and lubrication. It can also rebuild idlers and re-shell rollers. May’s mobile lube units are available to provide preventative maintenance and service to the fleet while in the field.

For additional information about May Heavy, please visit www.mayequip.com or contact Chuck McGirt at 336-357-5005.

About Scale Finance

Scale Finance LLC (www.scalefinance.com) provides contract CFO services, Controller solutions, and support in raising capital, or executing M&A transactions, to entrepreneurial companies. The firm specializes in cost-effective financial reporting, budgeting & forecasting, implementing controls, complex modeling, business valuations, and other financial management, and provides strategic help for companies raising growth capital or considering M&A/recapitalization opportunities. Most of the firm’s clients are growing technology, healthcare, business services, consumer, and industrial companies at various stages of development from start-up to tens of millions in annual revenue. Scale Finance LLC has offices throughout the southeast including Charlotte, Raleigh/Durham, Greensboro, Wilmington, Washington D.C. and South Florida with a team of more than 40 professionals serving more than 100 companies throughout the region.