Flagler Construction Equipment Buys Penn-Jersey Machinery

Tue July 08, 2008 - Northeast Edition

FlaglerCE Holdings, Orlando, Fla., the parent company of Flagler Construction Equipment, a Volvo Construction Equipment (Volvo CE) dealer since 2004, has acquired Penn-Jersey Machinery, a Volvo CE-owned dealer based in Lionville, Pa. Penn-Jersey Machinery has been a Volvo dealer since 2003. The acquisition by Flagler was effective June 27, 2008.

The Pennsylvania company will continue to operate under the Penn-Jersey Machinery name from its present headquarters and provide sales and service of Volvo Construction Equipment products from its established branches in Lionville and Philadelphia, Pa., and in Somerville and Deptford, N.J. Corporate and customer support functions will continue uninterrupted. Walter (Walt) F. Joachim will remain president of Penn-Jersey.

Flagler Construction Equipment represents Volvo CE in Florida through locations in Tampa, Orlando, Tallahassee, Jacksonville, Ocala, Port St. Lucie, Ft. Myers, Miami, and Ft. Lauderdale.

“We have a tremendous opportunity, joining Walt Joachim and the people who helped build Penn-Jersey Machinery into a successful Volvo CE dealer, to expand and strengthen the position of Volvo Construction Equipment and Road Machinery in the Northeast,” said Mark McDonell, president of FlaglerCE Holdings. “We are committed to providing our customers with the finest products, product support and service in the business.”

Goran Lindgren, president and chief executive officer, Volvo Construction Equipment North America, announced the acquisition and said that “The Penn-Jersey organization has successfully revitalized the Volvo CE brand in New Jersey and Pennsylvania and has built a strong foundation of exceptional service. Flagler and Volvo will provide the support and resources required by the Penn-Jersey management team to continue to ensure the highest levels of customer satisfaction and stable growth.”

For more information, call 828/650-2000 or visit www.volvo.com.