Stellar Industries Acquires Elliott Equipment to Expand Truck-Mounted Crane and Aerial Lift Portfolio
- Meagan Wood
- Dec 5, 2025
- 3 min read
30 Second Takeaway
US-based mechanics truck and service crane manufacturer Stellar Industries has reached an agreement to acquire Elliott Equipment, a Nebraska-based manufacturer of truck-mounted aerial lifts, digger derricks, and cranes. The transaction, expected to close in the first quarter of 2026, will see Elliott Equipment continue to operate as a standalone business unit within the Stellar Group, maintaining its brand, workforce, facilities, and dealer network.
Stellar Industries acquisition strengthens lifting and access offering
Stellar Industries, headquartered in Garner, Iowa, has announced the acquisition of Elliott Equipment, expanding its presence in truck-mounted lifting equipment and work-at-height solutions for utility and vocational markets.
Under the terms of the agreement, Elliott Equipment will retain its brand identity and operate independently within the Stellar Group. All employees will be retained, with Jim Glazer continuing to lead the business following completion of the transaction.
The acquisition is expected to close in Q1 2026, subject to customary regulatory approvals.
Elliott Equipment to continue as standalone business unit
Based in Omaha, Nebraska, Elliott Equipment designs and manufactures truck-mounted aerial work platforms, digger derricks, and boom trucks primarily for the utility sector.
The company’s current product portfolio includes:
Telescopic truck-mounted aerial lifts with working heights from 14 to 43 metres
Boom trucks and truck cranes with lifting capacities up to 45 tonnes
Maximum tip heights of up to 63 metres
Maintaining Elliott as a standalone unit allows continuity for customers, dealers, and utility clients while enabling access to broader manufacturing and distribution resources.
Stellar Industries growth through targeted acquisitions
Founded in 1990, Stellar Industries is a 100 percent employee-owned company that began by manufacturing hydraulic hooklifts before expanding into mechanics trucks with integrated telescopic cranes.
The company has grown through a combination of organic expansion and strategic acquisitions, and today employs more than 800 people across multiple production facilities.
Its portfolio serves vocational markets including:
Mechanics and service trucks
Lifting and load-handling equipment
Truck-mounted crane solutions
Stellar said the acquisition supports its long-term strategy of expanding lifting equipment and work-at-height solutions while creating additional opportunities for distributors, customers, and employee-owners.
Leadership comments on the transaction
Dave Zrostlik, President of Stellar Industries, said the acquisition aligns with the company’s growth approach.
“Stellar has always pursued growth opportunities that align with our culture, vision, and commitment to excellence,”
Zrostlik said.
“The addition of Elliott Equipment
Company represents an exciting step forward as we continue to build upon shared values of quality, innovation, and customer service.”
Jim Glazer, Chief Executive Officer of Elliott Equipment, welcomed the transaction.
“We are thrilled to continue the Elliott Equipment Company story with Stellar,”
Glazer said.
“This acquisition represents a strong cultural fit between two organisations that share a commitment to people, product integrity, and long-term growth.”
About Stellar Industries
Stellar Industries is a US-based manufacturer of mechanics trucks, service cranes, hooklifts, and vocational truck equipment. Headquartered in Garner, Iowa, the company operates as a 100 percent employee-owned business, serving customers across construction, utilities, and industrial service markets.
Stellar’s growth strategy combines internal development with targeted acquisitions that expand its lifting and service equipment portfolio.
About Elliott Equipment
Founded in 1948, Elliott Equipment designs and manufactures truck-mounted aerial lifts, digger derricks, and boom trucks for the utility and infrastructure sectors. Based in Omaha, Nebraska, the company has a long history of supporting power, telecommunications, and municipal markets.
Elliott has been led by the Glazer family since 1990, with Jim Glazer serving as Chief Executive Officer since 2000.
Frequently Asked Questions
Who is acquiring Elliott Equipment?
Stellar Industries has agreed to acquire Elliott Equipment.
When is the transaction expected to close?
The acquisition is expected to close in the first quarter of 2026.
Will Elliott Equipment continue operating under its own brand?
Yes. Elliott Equipment will operate as a standalone business unit within the Stellar Group.
What products does Elliott Equipment manufacture?
Elliott produces truck-mounted aerial lifts, digger derricks, boom trucks, and truck cranes for utility applications.
Is Stellar Industries employee-owned?
Yes. Stellar Industries is a 100 percent employee-owned company.
