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News » US » Komatsu to buy east coast distributor » published 27 Feb 2018

Komatsu to buy east coast distributor

Komatsu America has signed agreement to buy east coast distributor Pine Bush Equipment.

The transaction, is being made through Komatsu subsidiary F&M Equipment, which has entered into a purchase agreement with PBE Group, consisting of Pine Bush Equipment Co Inc and East PBE Inc. The planned closing date for the sale is 1 April 2018.

The new entity, to be named later, will assume PBE Group’s trade territory, which ranges from all of Connecticut, excluding Fairfield county, to select counties in south-eastern New York state. This includes all Komatsu construction, mining and utility equipment sales and rentals, parts, service and customer support activities.

The Boniface family, who launched the Pine Bush Equipment Company in 1956, will continue with the new operating company.

“We’ve said in the past that Komatsu America is committed to excellence in the Northeast region of the US. Investments in Midlantic Machinery, Edward Ehrbar, Komatsu Northeast and now Pine Bush, demonstrate the company’s determination to walk our talk,” said Rod Schrader, CEO, Komatsu America.

The new unit will support Komatsu’s long-term strategic plans to grow and strengthen its distribution channel. Once the sale is complete, the new entity will be part of a much larger group of distributors, which for customers, will mean more equipment and parts inventory availability, and greater service and support resources.

 

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This article was published on 27 Feb 2018 (last updated on 27 Feb 2018).

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