H&R Construction Parts & Equipment Inc. has acquired American Independent Inc.
H&R Construction Parts & Equipment Inc. has agreed to acquire American Independent Inc.
The acquisition was timed to align with American Independent's 30th anniversary, which is being celebrated in June 2018.
“American Independent has a 30-year legacy of rebuilding Caterpillar powertrain components and will be a great addition to H&R's long term strategic goals," said Aaron Lian, president and CEO of H&R. “The two companies have long complemented one another and have worked together harmoniously for many years. Joining the two companies made perfect sense.”
H&R Construction Equipment Parts has four locations in North America. Operating out of its headquarters in Buffalo, N.Y., since 1984, additional branches are located in Riverside, Calif., Lawrenceville (Atlanta), Ga., and Edmonton, AB, Canada.
Buffalo and Lawrenceville have full production capabilities to deliver products more efficiently globally, with production planned to commence shortly in Riverside. All American Independent Inc. production also will be moved to Riverside in the coming months. In addition, the Buffalo location boasts two parts yards on 32 acres and a 110,000-sq.-ft. warehouse. Combined with an 800 hp. engine dynamometer and a 125 hp. transmission and hydraulic test stand, service and machining facilities and recondition shop, customers have access to large inventory of parts available and ready to ship, according to the company.
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