13.02.2024

CMC completes All Access deal

Italian spider lift manufacturer CMC has completed the acquisition of its US distributor All Access Equipment.

The transaction was agreed in December 2022 with CMC acquiring 100 percent of the equity from the Polonski family. All of the approvals and transactional details were finally signed off at the end of January.

Although the deal took more than a year to complete the two companies have already been moving closer together, with CMC chief executive Alessandro Mastrogiacomo spending a good deal of time at the All Access headquarters in Wilmington, on the north west side of Boston, Massachusetts.

In 2023, All Access achieved revenues of around $80 million. It currently employs around 60 staff between its Wilmington headquarters and a branch in Salem, New Hampshire. The Polonski family will continue to manage the business with Lenny Polonski having handed over the day to day running of the business to his sons Ryan Polonski, now chief executive, and Nathan who becomes chief operating officer. Polonski senior will, of course, remain involved.

Alessandro Mastrogiacomo of CMC said: "This transaction testifies to CMC's confidence and ambition in pursuing its industrial strategy, supported by its strong partnership with our majority shareholder Metrika.”
The private equity fund Metrika acquired a 70 percent stake in CMC in October 2022. See: CMC acquired.