Founded in 1912 as a modest repair shop, Malvese Equipment transformed over the decades to become a fixture in the regional construction and agricultural sectors. Albert and Otto Cooley, who acquired the dealership from the Malvese family in 2020, sought a buyer capable of maintaining the company’s long-standing reputation for service. Otto Cooley will remain in his leadership role, ensuring continuity for the dealership's existing customer base and staff.
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Dobbs Equity Partners Acquires Long Island Dealer Malvese Equipment
After more than a century of family-led operation on Long Island, Malvese Equipment has been sold to Dobbs Equity Partners. The transaction, facilitated by Performance Brokerage Services, transfers ownership of the heavy construction and agriculture dealer’s Hicksville and Riverhead locations while retaining current management to oversee daily operations.
Dobbs Equity Partners, a firm with its own century-old roots in automotive retail, intends to leverage its operational expertise to support the dealer's growth. CEO John Dobbs noted that the investment firm prioritizes long-term ownership over short-term financial gains, aiming to empower local leadership rather than overhaul existing structures. Pat Albero and Dan Argiro of Performance Brokerage Services served as the exclusive sell-side advisors for the deal, focusing on finding a partner that would respect the dealership’s historical legacy. Performance Brokerage Services has managed nearly 450 dealership sales over the last five years, solidifying its position as a high-volume brokerage firm in North America.
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