May Equipment Looks to Future, Expands With VSTH
By: Brenda Ruggiero - CEG CORRESPONDENT
(L-R): Chuck McGirt, Ronnie Yeatts, Scott Hatley and Will Blackerby stand in front of some of the equipment available at May Equipment in Lexington, S.C.
The company is proud to be an industry leader in equipment solutions, according to Richie Ambrose, vice president of new equipment sales.
Founded in 1997 by Bert and Jacob May in Lexington, N.C., May Heavy Equipment is a heavy equipment rental and sales company in the Southeast.
Founded in 1997 by Bert and Jacob May in Lexington, N.C., May Heavy Equipment is a heavy equipment rental and sales company in the Southeast. The company is proud to be an industry leader in equipment solutions, according to Richie Ambrose, vice president of new equipment sales.
“We pride ourselves on being known for our high level of service and response time,” said Ambrose. “As the company has evolved, we have sought new and inventive ways to better serve our customers. It was not until a few years ago that we decided to partner up with several top OEMs to provide ongoing support to our current customer base, as well as grow the market share for these manufacturers.”
Ambrose noted that one of May's chosen business focuses is new equipment sales.
“We are an attractive company for OEMs because we are established, have such a large customer base, and offer a level of industry knowledge they can't get anywhere else,” Ambrose said. “In the past year, we have become the authorized dealer in North and South Carolina for Terex trucks, Hyundai, Kawasaki, LayMor, Magnum, Hydro-Ram and Sakai in South Carolina. We cover a vast territory that spans as far south as Florida, as far north as Washington, D.C., and as far west as Arkansas.”
May Partners With VSTH Capital LLC for Expanded Growth
Another exciting change for the company is the addition of an investment company. May partnered with VSTH Capital LLC in July to allow them the capital for new growth to meet increased construction demands, according to Chuck McGirt, May Heavy Equipment COO.
This partnership has allowed May Heavy to upgrade its entire rental fleet, purchasing nearly 100 new pieces of equipment in the past year.
“Within the next nine months, we have a very attainable goal for every vehicle in our rental fleet to average only one to two years in age,” Ambrose said.
“The announcement of this partnership and recapitalization with VSTH Capital represents a key milestone in our ongoing efforts to become the premier heavy equipment rental and sales company in the Southeast,” said Jacob May, president of May Heavy Equipment. “It will allow us to move faster, evaluate larger opportunities, and provide more certainty of long term success, while greatly improving our balance sheet as we prepare for significant growth.''
Kerry Vickar, president of VSTH Capital is pleased with the partnership as well.
“We are impressed with May Heavy's reputation in the industry and their steadfast commitment to building what will be the newest and most versatile rental fleet in its geography over the next 12 to 18 months,” Vickar said. “We are pleased that May Heavy will be our partner, and we will provide additional leadership and capital to assist the Company in executing its growth plan organically and through acquisitions. We think this transaction combines great capabilities at both of the firms.”
May Heavy Equipment
Looking to the Future
New faces and promotions have become key components to May Heavy Equipment's continued success. Recently, Jesse Beasley was hired as a product support manager to facilitate the company's OEM parts, service and warranty service. Will Blackerby was promoted to vice president of fleet management.
“Like many companies in the industry, we have had to evaluate areas of our business and become more efficient as a company,” Ambrose said. “We are 30 employees strong and are always looking for good people who want to join a great team. We are currently hiring mechanics and sales staff for all locations. We are also identifying new areas to establish additional branch locations.”
As for the future, the May Equipment philosophy is a straight-forward one.
“Simply put, we want to be the industry's first choice for construction equipment, and we will continue to support the Southeast's construction industry in every aspect of our business, whether sales, rentals or services. Providing a world class customer service experience has and always will come first,” Ambrose said. “We can see ourselves expanding into some new markets as demand arises, but more importantly, we want customers to know we are still here and stronger than ever. We appreciate our loyal customers, and we look forward to expanding our customer base. The future of the industry is bright, and we are certain the best is yet to come.”
About May Heavy Equipment
May Heavy Equipment currently stocks more than 150 machines consisting of every type of “earth moving” equipment imaginable. Its extensive inventory includes a variety of specialty machines, such as long reach excavators, hydraulic rock hammers, water trucks, and many types of compaction equipment.
May Heavy's service capabilities include major engine repair, rebuilding components such as final drives and transmissions, and track repair, such as removal and installation of undercarriages, pin/bushing replacement, turning and lubrication. In addition, it also can rebuild idlers and re-shell rollers. May's mobile lube units are available to provide preventive maintenance and service to the fleet while in the field.
For more information call 803/865-1002 or visit www.mayequip.com.