Molson expands US coverage with a second acquisition in six months
November 2, 2022
Molson Group, a leading UK equipment dealer, has expanded its US presence with the acquisition of Powerscreen of Washington.
The company, which generates over £375 million in revenue, made its first move into the US market in April through the acquisition of Powerscreen of California and Hawaii. Following the success of that deal, the acquisition of Powerscreen of Washington gives Molson coverage across the whole of the US West Coast and provides a strong platform for future growth in North America.
As with the first deal, Molson’s ability to implement proven technology solutions, and drive efficiency and growth, was a key factor in the deal being agreed.
Jason Powles, Molson Group COO, is confident that there will be more acquisitions as the Molson business continues to expand across the globe. “Molson Group is a highly successful equipment dealer, working with some of the world’s leading equipment manufacturers. We know how to optimise the performance of dealer businesses, using our own tried and tested practices, including implementing the highly effective SmartCMD technology suite.”
Following completion of the deal, Molson will be implementing its market-leading SmartCMD products, starting with DealerCMD, the ERP system that uses data insights to enable more accurate forecasting and business planning, and FleetCMD, the fleet management platform that uses advanced telematics to deliver insights into machine utilisation, fuel consumption, carbon emissions, running costs and more.
Powles adds: “We can’t wait to work closely with the team at Powerscreen of Washington to implement these tools, which will deliver immediate improvements for the business, its customers and its staff. We will also gradually evolve the product range we offer in the US to mirror the 360* approach that has been so successful in Molson’s UK business.”
Powerscreen of Washington’s director, Pat Lowe, is also excited by the opportunity for growth and the expansion in resources that Molson will bring. Pat said: “We felt an instant synergy with the Molson team and their approach – a total commitment to customer service, a comprehensive product range, and a culture of looking after its people. This, combined with the huge benefits Molson brings with its operational capability makes for an exciting new direction for the future of this business.”
Molson is already an established supplier of Terex products in the UK, and the extension of its relationship with the manufacturing giant in the US is another benefit of the deal.
Pat Brian, Vice President and Managing Director of Terex Corporation, commented: “Molson Group is a valued Terex partner, both in the UK and more recently in the US. This second acquisition further strengthens our relationship with this impressive and forward-looking business. We are particularly excited for the benefits that this acquisition will bring both for our customers in the States of Washington, Oregon, Idaho and Montana, as well as our own business.”
