Stellar announces acquisition of Elliott equipment company, expanding product line & market reach
Garner, Iowa — Stellar Industries, a 100% employee-owned and -operated manufacturer of high-quality work trucks, trailers and service truck and van accessories, is proud to announce it has entered into a definitive agreement to acquire Elliott Equipment Company, a leading U.S. manufacturer of truck-mounted aerial work platforms, digger derricks and cranes serving the utility infrastructure, municipal, construction and sign-and-lighting markets. The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions.
This acquisition strengthens Stellar’s long-term growth strategy by expanding its lifting equipment and work-at-height solutions, widening its presence across core vocational markets and creating additional opportunities for distributors, customers and employee-owners.
Expanding Reach with Complementary Product Lines
Founded in 1948, Elliott Equipment Company pioneered the first truck-mounted telescoping aerial platform and continues to design industry-leading equipment for utility transmission, commercial construction, municipal services and fleet maintenance applications.
“Stellar has always pursued growth opportunities that align with our culture, vision and commitment to excellence,” said Dave Zrostlik, President of Stellar. We’re proud to welcome Elliott to the Stellar team.”
Following the close of the transaction, Elliott Equipment Company will operate as a distinct business unit of Stellar, maintaining its current employees, facilities, brand identity and dealer relationships in Omaha, Nebraska. Jim Glazer, President of Elliott Equipment Company, will continue to lead the organization.
“We are thrilled to continue the Elliott Equipment Company story with Stellar,” Glazer said. “This acquisition represents a strong cultural fit between two organizations that share a commitment to people, product integrity and long-term growth.”
Employee Ownership and Long-Term Vision
Stellar’s 100% employee-owned structure aligns employee success directly with company performance. Through the ESOP, employee-owners share in the organization’s long-term growth, reinforcing a culture of collaboration, innovation and accountability.
Looking Ahead
With the addition of Elliott, Stellar will broaden its capabilities in aerial work platforms, utility lifting solutions and material-handling technologies, enabling both companies to better serve existing customers and pursue new opportunities in adjacent markets. Both organizations remain committed to U.S. manufacturing, exceptional service and industry-leading engineering.
For more information on the acquisition, contact us.