Waco, Texas-based Equipment Depot last week announced the acquisition of all of the stock of two privately held forklift dealerships in the Dallas-Fort Worth area.
Equipment Depot acquired Clarklift of Fort Worth, and Powr-Lift’s operations in Dallas and Sherman. The company now has seven facilities along the Interstate 35 corridor in Texas and with annual revenues of more than $100 million, it becomes one of the largest material-handling companies in the state.
“These acquisitions extend our reach in the Dallas-Fort Worth market, one of the top forklift markets and construction markets in the United States,” said Equipment Depot founder and president Don Moes. “With four service, sales and rental locations in the Dallas area, we will now have the critical mass we needed to spread our overall operating costs over a larger base which will benefit all our customers throughout Texas.”
Moes added that with the acquisition, the company will have more than 10,000 forlifts under routine service contracts and more than 875 forklifts in its short-term rental fleet.
Equipment Supply now has equipment superstores in Dallas, Waco, Austin and San Antonio as well as superservice depots in Abilene, Bryan-College Station, Corsicana, San Angelo and Temple. It was founded as Central Texas Clarklift in 1975 and is a dealer for Caterpillar, Clark, Daewoo, Drexel, Linde and Mitsubishi forklifts. It sells, services and rents Skytrak, Condor, Genie and JLG aerial work platforms and New Holland light construction equipment.
Vern Bailey, former owner of Clarklift of Fort Worth, will continue to manage the day-to-day operations of the branch. Mel Robinson, former owner of the Powr-Lift stores in Dallas and Sherman will continue to manage those operations.
