Power Equipment Co., 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 Co.
The company closed an agreement to purchase the name and assets of Golden Equipment, also a long-time Volvo CE dealer, 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.
“Power Equipment Co. 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.”
Golden Equipment employees will transition to the new company with the acquisition, giving existing customers a high degree of continuity and further strengthening the Power Equipment team.
