Performance Brokerage Services Advises on the Sale of Malvese Equipment in Hicksville & Riverhead, New York from Al Cooley & Otto Cooley to Dobbs Equity Partners

Performance Brokerage Services has announced the sale of Malvese Equipment, a prominent heavy construction and agriculture equipment dealership located in Hicksville and Riverhead, New York. The transaction, which took place on August 5, 2026, involved the transfer of ownership from Al Cooley and Otto Cooley to Dobbs Equity Partners. The deal value remains undisclosed.

Founded in 1912, Malvese Equipment began as a modest vehicle repair shop and has since transformed into a leading dealership in the region. Over the past century, the company has adapted to the evolving needs of Long Island’s agricultural and construction sectors, expanding its offerings as demand for heavy equipment surged. The dealership has built a strong reputation for customer service and reliability, weathering economic challenges such as the Great Depression and growing its workforce significantly over the decades. The recent sale marks a significant transition for Malvese Equipment, which has been under family ownership for generations.

Dobbs Equity Partners, established in 2009, has a rich history in the automotive dealership sector, tracing its roots back to 1921. The firm has a proven track record of investing in and managing businesses across various industries, including restaurants and healthcare, with a focus on long-term growth rather than short-term financial gains. The acquisition of Malvese Equipment aligns with Dobbs Equity Partners' strategy of empowering local leadership and preserving the culture of acquired businesses. The firm aims to leverage its operational expertise to enhance Malvese’s market position while maintaining the values that have defined the dealership for over a century.

The strategic rationale behind this acquisition lies in the growing demand for construction and agricultural equipment, particularly as infrastructure projects and agricultural advancements continue to evolve. By acquiring Malvese Equipment, Dobbs Equity Partners is well-positioned to capitalize on these trends, ensuring that the dealership can maintain its competitive edge in a dynamic market. The commitment to preserving the legacy of Malvese Equipment will also resonate with its established customer base, fostering loyalty and trust during this transition.

In conclusion, the acquisition of Malvese Equipment by Dobbs Equity Partners reflects broader trends within the dealership sector, where strategic partnerships are increasingly vital for sustaining growth and adapting to market changes. As the equipment dealership landscape continues to evolve, this transaction underscores the importance of preserving legacy businesses while positioning them for future success. The collaboration between Dobbs Equity Partners and Malvese Equipment is expected to enhance operational efficiencies and customer satisfaction, paving the way for a robust future in the heavy equipment industry.