Core Equipment Group (CORE) has acquired GT Mid Atlantic LLC, a premier full-service heavy construction equipment dealership serving New Jersey, central and eastern Maryland, Delaware, and the greater Philadelphia area in Pennsylvania. The transaction occurred February 27, 2026, when LB GTMA Opco LLC, an affiliate of LB Advisors LLC, acquired the assets and employees of GT Mid Atlantic.
CORE serves as a premier authorized dealer for CASE Construction Equipment — a global leader in construction machinery and part of CNH Industrial. With more than 180 years of history, CASE makes and supports a full line of construction equipment, including excavators, wheel loaders, motor graders, dozers, backhoe and tractor loaders, skid steers, compact track loaders, sub-compact equipment, rough-terrain forklifts, along with a complete range of attachments.
CORE is owned and backed by LB Advisors, a Santa Monica, Calif.-based private equity firm specializing in middle-market companies. With its deep operational expertise and long-term investment approach, LB Advisors brings the financial resources and strategic oversight to position CORE for sustained growth and market leadership. Assisting CORE in the financial transformation is Jack Hollerbach, President of Hollerbach & Associates LLC.
“We are thrilled to partner with such an exceptional management team. The support we have received from CASE and the other OEMs has been nothing short of outstanding,” said Harald Ludwig, Co-Founder of LB Advisors.
“The existing leadership, combined with strong financial backing from our ABL lender and floor-plan partners, has positioned us for accelerated growth and long-term success. We could not be more excited about the opportunities ahead,” added Russell Belinsky, Co-Founder of LB Advisors.
Strengthening the CASE Construction Equipment Dealer Network
"We're proud to partner with Core Equipment Group as our authorized dealer serving the Mid-Atlantic Region. Backed by LB Advisors and led by a proven management team, CORE has the stability and vision to deliver on CASE's promise to customers — reliable equipment, responsive service, and a partner they can count on for the long haul. This is a great outcome for contractors across the region,” said Terry Dolan, Head of CNH Construction Brands, Commercial for North America.
New Flagship Facility Coming to Farmingdale, New Jersey
CORE currently operates one of its New Jersey facilities in Freehold, N.J., with a planned move to a state-of-the-art facility in Farmingdale, N.J. scheduled for May 2026. The new facility will reflect CORE’s commitment to delivering a superior customer experience and will be designed to support expanded service capacity, parts availability, and equipment display capabilities. The company plans to modernize all of its locations to align with this same standard of excellence.
"We are excited to reintroduce ourselves as Core Equipment Group, marking an exciting new chapter backed by new ownership, expanded financial and operational resources, and a long-term vision to better support our customers," said Vic Riga, VP/GM of Core Equipment Group. "Our mission is to be the most customer-focused, reliable, and technically capable dealer in the region."
Continued Focus on Roadbuilding Division
In addition to the full line of CASE Construction equipment, Core Equipment Group will continue to maintain its strong focus on the Road Building Division across its entire footprint, including Southeastern Pennsylvania. Astec, Etnyre/BearCat, Sakai, and Midland, plus others, will continue to be supported through our 8 strategically positioned locations across New Jersey, Maryland, Delaware and Southeastern Pennsylvania.