Genie Industries Acquires Phoenix Equipment’s Assets

Wed February 20, 2008 - West Edition
CEG



Genie Industries Inc. Jan. 9 acquired the assets of Phoenix Equipment Company, a Waco, Texas, 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. With this acquisition, Genie Industries will now have a dedicated facility to refurbish and remanufacture products to customer specifications,” said Tim Ford, president, Terex Aerial Work Platforms (AWP), which includes Genie Industries. “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 Company 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 Company has been a factory-authorized Genie Industries refurbishment and repair center.

John Carhart, founder of Phoenix Equipment Company, 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, scissor lifts, self-propelled telescopic and articulating booms and telehandlers.

For more information, visit www.genieindustries.com.