Komatsu America (KA) has agreed to purchase Pine Bush Equipment‘s (PBE’s) assets as part of a strategy to strengthen and grow its distribution channel in the East Coast region. The transaction’s planned closing date is on the 1 April 2018.
This new entity, which has yet to be named, will take over PBE’s trade territory from Connecticut, excluding Fairfield county, to select counties in southeastern New York state. It includes all Komatsu construction, mining and utility equipment sales and rentals, parts, service and client support activities.
Additionally, the group will be part of a larger assembly of distributors which aim to supply clients with more equipment and parts as well as an enhanced service and support resources. The substantially, employees, facilities, and client support infrastructure from PBE will be retained.
The Boniface family launched PBE in 1956 and will continue working with the new operating company.
Rod Schrader, CEO, KA, said: “We’ve said in the past that Komatsu America is committed to excellence in the Northeast region of the U.S. Investments in Midlantic Machinery, Edward Ehrbar, Komatsu Northeast and now Pine Bush, demonstrate the company’s determination to walk our talk. Our goal remains the same: provide the extra support the team in place needs to deliver unrivaled products, services and solutions that exceed customer expectations.”
KA’s purchase of assets is subject to a period of due diligence and final approval from Komatsu.