04 Mar 2023

ELVAAN GROUP INC. Strengthens Presence in Canadian Market with Acquisition of Jade Equipment Company Ltd

ELVAAN GROUP INC. Strengthens Presence in Canadian Market with Acquisition of Jade Equipment Company Ltd

Mississauga, ON — ELVAAN GROUP INC., the parent company of ELVAAN EQUIPMENT SOLUTIONS (formerly Trenchless Utility Equipment Inc.), a 31-year-old provider of construction and utility equipment solutions and one of the largest Canadian dealers for DEVELON (formerly Doosan Construction Equipment), AMMANN Road Machinery and TERRA Trenchless HDD Drills have completed the acquisition of JADE EQUIPMENT COMPANY LTD, a prominent equipment solutions provider in the construction, mining, oil & gas and road machinery sector, solidifying its commitment to the Canadian market.

With its presence in Alberta (Edmonton) and Ontario (Orillia), Jade Equipment Company Ltd is known as an industry expert and solution provider for road machinery, especially motor graders, and an established construction equipment dealer representing respected brands like JCB. The dedicated Jade team has earned accolades for delivering exceptional value to contractors and government customers across Canada and the USA.

“We are excited at the opportunity to join forces with Elvaan Group, a highly respected and rapidly growing company that shares our values and vision. We know that under the leadership of Elvaan Group’s President and CEO, Suman Mukherjee, Jade will play an important part in helping Elvaan become a leading provider of construction equipment solutions for global brands. Our loyal customers can rest assured that they will continue to receive top-notch support, now backed by a team with even broader industry reach,” affirmed Steve McCoy, Bonnie McCoy, and Ric Ross of Jade Equipment.

“We’re thrilled to carry forward Jade Equipment’s 35-year legacy and expand the brand with our current partners,” said Suman Mukherjee, President and CEOof Elvaan Group. “Jade Equipment offers opportunities to grow our range of products and reach new markets. With Jade on board, we’re well positioned to benefit from a substantial growth in the construction, utility, and mining equipment sector in Canada. The highly experienced and skilled team at Jade has been making a significant impact in the industry for many decades, and we look forward to merging our talents and welcoming them to the Elvaan family thereby bringing unparalleled value to our Canadian customers.”

Suman Mukherjee also shared that Elvaan Group aims to be one of Canada’s top 5 construction equipment dealers by 2033, becoming a flagship global dealer for leading manufacturers. The company’s strategic roadmap includes nationwide presence and a commitment to delivering quality solutions to customers. Elvaan Group is dedicated to playing a vital role in shaping Canada’s future by 2050.

The acquisition of Jade Equipment, effective as of August 3, 2023, marks a significant milestone in Elvaan Group’s journey of growth and innovation, underscoring its dedication to serving the unique needs of the Canadian market.

About Jade Equipment

Founded in 1988 and based in Alberta and Central Ontario, Jade Equipment stands as an expert in Motor graders as well as a prominent leader in the road machinery, construction and mining equipment industry representing brands like JCB, Easi-pour and several major global road machinery brands. Famed for delivering uncompromising quality service and boasting an exceptional inventory, Jade Equipment aids customers in optimizing equipment lifespan and return on investment.

About Elvaan Equipment Solutions

Founded in 1992, Elvaan Equipment Solutions (formerly Trenchless Utility Equipment Inc.), has been a steadfast presence in the Canadian market, primarily focused on Utility & Trenchless Equipment. In 2022, the company set forth on anew vision to transform into a TotalEquipment Solutions provider. Elvaan Equipment Solutions has rapidly grown in the last 2 years offering innovative new solutions to its customers across Eastern Canada. Elvaan Equipment Solutions is the authorized and exclusive dealer for global brands such as DEVELON (Formerly Doosan Construction Equipment), Terra Trenchless, Ammann Group, Universal, Melfred Borzall, JLG, and Skyjack, all aligned in the pursuit of this ambitious vision.