Genie Industries last week announced it has acquired the assets of Phoenix Equipment Co., a Waco, Texas-based company specializing in the refurbishment of aerial work platform equipment. This acquisition is key to Genie’s strategy of continuing growth and delivering value-added services for customers.

“As the market has grown, so has the need for refurbishment,” said Tim Ford, president, Terex Aerial Work Platforms (AWP), which includes Genie Industries. “With this acquisition, Genie Industries will now have a dedicated facility to refurbish and remanufacture products to customer specifications. In addition to standard refurbishment and remanufacturing services, Phoenix Equipment Company has the ability to complete warranty repairs and customer unit repairs, which will be an added benefit for our customers.”

Phoenix Equipment Co. began operation in 1996 as a small aerial lift rebuilding and repair facility. Currently, Phoenix employs more than 140 people in Waco. Phoenix Equipment does not sell or rent equipment but is dedicated to providing timely repairs, painting and annual inspections on all types of construction equipment. Since 1999, Phoenix Equipment Co. has been a factory-authorized Genie Industries refurbishment and repair center.

John Carhart, founder of Phoenix Equipment Co., will continue with the company as it joins Terex AWP.

Headquartered in Redmond, Wash., with branch offices worldwide, Genie Industries manufactures material lifts, aerial work platforms, trailer-mounted booms and light towers, scissorlifts, self-propelled telescopic and articulating booms and telehandlers.

Genie Industries is a subsidiary of Terex Corp., a diversified global manufacturer based in Westport, Conn.