Performance Brokerage Services, North America’s highest volume dealership brokerage firm, is pleased to announce the sale of Malvese Equipment, a heavy construction and agriculture equipment dealership in Hicksville & Riverhead, New York, from Al & Otto Cooley to Dobbs Equity Partners.
Founded in 1912 as a two-employee vehicle repair shop, Malvese Equipment evolved alongside the changing needs of Long Island, expanding into agricultural equipment as tractors transformed the farming industry. The company persevered through the rough days of the Great Depression, employing 29 people by 1929 and establishing a reputation for exceptional customer service and reliability. As the demand for construction equipment surged throughout the 1950s and 1960s, Malvese Equipment expanded its market into heavy construction equipment. After a century of family ownership and operation, Paul Malvese retired in 2020, and Albert and Otto Cooley acquired the dealerships. With the sale of Malvese Equipment to Dobbs Equity Partners, the company enters a new chapter.
Upon closing, Otto Cooley, Owner of Malvese Equipment Co., Inc. said, “For more than a century, Malvese Equipment has built its reputation by adapting to the changing needs of our customers while remaining committed to the values that have defined our business since 1912. From our beginnings as a small repair shop serving Long Island’s agricultural community to becoming one of the region’s premier equipment dealerships, every generation has worked to preserve our legacy of quality, service, and long-term customer relationships. When the time came to consider the future of our company, it was important to find an advisor who not only understood the equipment dealership industry but also appreciated the significance of the business we had built over the years.”
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