Power Equipment Company has long served as the Volvo equipment dealer for much of Colorado (lighter green) and is now adding the rest of the state and areas of New Mexico and Utah to its territory (darker green).
Power Equipment Company, which has been distributing construction equipment in the Rocky Mountains region since 1936 and is a long-time member of the Volvo Construction Equipment (Volvo CE) dealer network, is expanding its footprint in the southwest with the acquisition of Golden Equipment Company.
The company closed an agreement to purchase the name and assets of Golden Equipment, including three dealer branches in Durango, Colo., and Farmington and Albuquerque, N.M. The transferring territory includes the northern half of New Mexico as well as several adjacent counties in the southwest corner of Colorado and San Juan County in the southeast corner of Utah.
The acquisition bolsters Power Equipment Company's presence in New Mexico and southwestern Colorado with additional equipment and support solutions in the rolling stock, compact, aggregate, crane and paving and compaction segments of the construction market.
Power Equipment Company has been on a steady and strategic growth trajectory and this partnership provides continuity, additional resources, and new services to customers across the region, according to the company.
With adjacent territories and synergies among key product lines, the experienced Power Equipment Company team will be growing existing relationships and developing new ones. Customers in Colorado and New Mexico will have access to shared resources which includes an expansive equipment fleet, robust parts inventory and exceptional service offerings to better support their businesses, the company said.
"Power Equipment Company is an experienced partner with a strong reputation in the region," said Stephen Roy, president of Region North America, Volvo CE. "Power Equipment will use their existing footprint and resources to provide an increase in service technicians and parts and equipment availability. Volvo CE customers can expect the same high-caliber support they have received from Golden Equipment."
Power Equipment Company and Golden Equipment employees will be merged into Golden's Albuquerque and Farmington locations respectively. Additionally, Golden Equipment's branch in Durango, Colo., gives Power Equipment Company a newfound presence in this market.
Power Equipment Company also has full-service facilities in Denver, Colo. (headquarters), Colorado Springs, Colo., Grand Junction, Colo., Greeley, Colo., Casper, Wyo. and Kansas City, Mo.
"Golden Equipment has a great tradition of providing its customers with the highest quality equipment and services for more than 35 years and we're thrilled to be growing our business and joining forces with such an outstanding team," said Will Ricketts, president of Power Equipment Company.
"We are excited to expand the reach of our Volvo territory," said Ricketts. "Golden Equipment customers will benefit from the resources of Power Equipment's fleet and expansive parts inventory, supported by a highly skilled parts and service team.
"Together, we will deliver on our core values as dedicated, capable, team players. These values have been instrumental in building Power Equipment Company since 1936 and will resonate through this partnership."
President and Founder of Golden Equipment Company Bill Golden added, "We are very excited to become part of the Power Equipment Company family. This is a perfect fit for our loyal employees and customers throughout New Mexico and southwestern Colorado. A win-win for all parties.
"I've had the pleasure of working with Volvo in New Mexico since 1991. It's been an incredible 30-year journey, and I've truly enjoyed working with the Golden team to serve our great customers in New Mexico and the Four Corners. I'll miss it, but I'm confident they are in good hands," said Golden.
For more information, visit power-equip.com, goldenequipment.com and www.volvoce.com/na.
Today's top stories
