Volvo Dealers Form Joint Venture to Acquire Spreitzer

Mon May 07, 2007 - Midwest Edition

Volvo Construction Equipment North America (Volvo CE) dealers, Scott Construction Equipment Company LLC (Scott) and G. W. Van Keppel Company (Van Keppel), have formed a joint venture company, Scott Van Keppel LLC, (SVK) to acquire Volvo CE dealer Spreitzer Inc. The new company will operate as a separate entity from the principal companies and as an authorized Volvo CE dealer in Iowa and Nebraska from present sales and services branches operated by Spreitzer. The appointment of the new dealership is effective immediately.

Principal officers of Scott Van Keppel are Scott Cummins of Scott and Bill Walker of VanKeppel. Scott Construction Equipment, a Volvo CE dealer since 2000 with headquarters in Monroe, Louisiana, operates 10 Volvo CE sales and service centers in Louisiana, Mississippi, and Tennessee. Van Keppel is based in Kansas City, Kan., and has seven branches in Kansas, Missouri, and Oklahoma. The company became a Clark Michigan Company dealer in 1976. Volvo and Clark merged their construction equipment subsidiaries in 1985 and continued as an authorized Volvo CE dealer following Volvo’s acquisition of Clark in 1995.

“Spreitzer has built a solid foundation of Volvo construction equipment sales and service over the years, and we look forward with great anticipation to the opportunities presented to us to further strengthen the Volvo position in the territory we are now entering,” said Cummins and Walker in a joint statement. “The Spreitzer staff at the branch locations is a group of dedicated and experienced professionals, and we will work together, using the strength of the growing Volvo market position, product range, and the resources from our individual companies, to continue to build the position of leadership in the market.”

Dennis R. Slagle, president and chief executive officer, Volvo Construction Equipment North America, said, “We welcome the experience and capabilities of the new Scott Van Keppel Volvo CE dealership. The Spreitzer organization has served our company well for many years and gives the new company a firm base upon which to build for the future.”