Third US acquisition for UK equipment dealer, Molson Group￼
September 12, 2023
September 12, 2023
Molson Group, a leading UK equipment dealer, has expanded its US presence with the acquisition of Powerscreen Western, expanding the group’s coverage of the Western US to now include the state of Arizona.
Following the successful acquisitions of Powerscreen of California, in April 2022 and, shortly afterwards of Powerscreen of Washington, the group now has substantial coverage across 9 states in the US.
With the entrepreneurial group generating over £375 million in revenue per annum, this third US acquisition will support the continued growth of operations in North America. With a proven model offering customers complete machinery solutions from a 360-degree product portfolio, new manufacturer partners are already in line, and further acquisitions are expected to follow.
Powerscreen Western offers a range of leading brands, predominately from the leading materials processing equipment manufacturer Terex, including Powerscreen, EvoQuip, CBI and Ecotec to name a few. With distribution and after-sales support throughout the state of Arizona and southern Nevada, the company will continue to trade under the Powerscreen Western brand whilst benefitting from the assistance of back-office support from the wider Molson Group.
Existing and new customers of Powerscreen Western will benefit, with increased availability of machines, parts, and personnel, thanks to the financial backing of the Molson Group. However, as with previous deals, Molson’s ability to implement proven technology solutions and drive efficiency and growth was a key factor in the deal being agreed and driving improvements in customer service levels moving forward.
Jason Powles, Molson Group COO, understands the importance of accurate data and has driven the digitisation of the business. “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. We have seen the positive impact our technology products can have through improved performance in our recent US acquisitions, and we expect to repeat this success in Powerscreen Western”
Powles adds: “This acquisition further develops our footprint in the US market, providing significant opportunity to replicate our UK model in the US and offer customers a broad range of market leading products. We have already engaged with a number of OEMs, including Kobelco, Fuchs and Spaleck, which will be offered to our customers across our US locations. The implementation of our leading technology products, combined with additional products from our OEM partners, will provide significant growth opportunities for the business in the coming years.”
Powerscreen Western’s founder, Gerald McCarthy, is also excited by the opportunity for growth and the expansion in resources that Molson will bring. Gerald said: “We felt a strong fit 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 and our customers.”
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 third acquisition gives Molson Group significant presence in the US and further strengthens our relationship with the business. We are particularly excited for the benefits that this acquisition will bring both for our customers and our own business.”